Inflation

Israel against the current

While the world talks about interest rate hikes, Israel returns to rate cuts

Matan Shitrit, Chief Economist at Phoenix Financial
Matan Shitrit, Chief Economist at Phoenix Financial

Israel’s inflation dynamics remain under control

 A participant stands near a logo of the World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018

World Bank warns of 16% rise in commodity pricing over Hormuz closure

"the U.K. economy is likely to face continued inflationary pressure amid persistent uncertainty from the U.S.-Iran conflict affecting global energy markets."

UK inflation hits 3.3% as middle east conflict drives fuel prices


Germany enters recession after economy contracts slightly in first quarter

The first estimate had shown GDP stagnating in the first quarter and Germany skirting a recession. However, it contracted following a contraction in 2022.

 Graph showing recession economy

Israeli Consumer Price Index rises 0.8%, almost double the forecast

A series of Israeli companies and importers have announced significant price hikes in recent weeks.

 A CUSTOMER shops for groceries at a Rami Levy supermarket branch, in Jerusalem.

'We can't afford anything': Turkey's cost-of-living crisis threatens Erdogan's re-election

A cost-of-living crisis sparked by Erdogan's unorthodox economic program over the past 1-1/2 years has eroded his popularity

 TURKISH PRESIDENT Recep Tayyip Erdogan addresses his supporters during an event in Diyarbakir, earlier this month.

Iranians sell organs abroad due to regime ‘corruption' - report

Iran expert Beni Sabti said that high prices and inflation are forcing Iranians to sell their organs and sometimes even their children.

Surgeon selecting sterilized tool for operation.

Rising inflation threatens Eid al-Fitr celebrations in Pakistan

Pakistan's inflation rate jumped to 35.4% in March 2023—the highest it has been in almost 50 years.

 Muslims attend Eid al-Fitr prayers to mark the end of the fasting month of Ramadan, in Karachi, Pakistan April 22, 2023.

Netanyahu, Herzog reached out to Moody's before credit outlook downgrade

If Israel's credit rating drops, Israel can expect a higher interest rate on short-term loans and inflation.

 Incoming prime minister Benjamin Netanyahu is seen next to Israeli President Isaac Herzog.

Russia fools us economically, their statistics are a collection of lies - opinion

When strict sanctions were imposed on Russia at the start of its invasion of Ukraine, the Russian economy was expected to plunge by some 10-15% during 2022.

 RUSSIA’S PRESIDENT Vladimir Putin chairs a meeting with members of the government at the Kremlin, last month. He has claimed that the economy has shrugged off the sanctions.

Pakistan posts highest-ever annual inflation, stampedes for food kill 16

The inflation number was the highest ever year-on-year increase recorded by the statistics bureau since monthly records began in the 1970s.

 People stand in queue to receive charity food handout, during the fasting month of Ramadan, along a road in Karachi, Pakistan March 30, 2023.

CPI continues to climb, will likely result in harsher BoI interest rates

The increase in the CPI was driven by significant price increases in several sectors, including fresh produce, culture and entertainment, food, transportation and miscellaneous.

MARKET DATA at the Tel Aviv Stock Exchange.

Israel reaches public service wage deal amid inflation worries

Workers will get an 11% raise over the next four years, reduced working hours and a one-time grant

 New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021.