Israel’s CPI Surges to 10-Month High of 3.6% in August, Showing Signs of Strong Economic Growth
Israel’s Inflation rate spiked in August to the highest level in almost a year, according to data from the Central Bureau of Statistics. The annual Inflation rate climbed to 3.6% last month, exceeding expectations and surpassing the government’s target range of 1-3%. The increase was attributed to higher costs of fresh produce, food, housing, transport, education, and entertainment. The Bank of Israel has held its benchmark interest rate steady in recent months, citing geopolitical tensions and rising price pressures. Israeli central bankers do not anticipate any rate cuts until 2025.
SOURCE
Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.