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ISRAEL AT WAR - DAY 621

inflation

Construction in Ramat Gan, December 10, 2024 (Yossi Aloni FLASH90)
March 16, 2025, 2:51 pm
Israeli housing prices soar while pace of inflation slows, February data shows
Consumer Price Index remains unchanged but consumers feel the pinch as price of fresh fruit up by 10.5%, rent by 0.3%; however costs of vegetables dip by 7.1% and clothes by 3%
By ToI Staff
Iranian Finance Minister Abdolnasser Hemmati speaks during an open session of parliament for his impeachment, in Tehran, Iran, March 2, 2025. (AP Photo/Vahid Salemi)
March 2, 2025, 5:26 pm
Iranian finance minister fired amid spiraling economic crisis
Dismissal comes as rial nears historic lows, inflation soars, and US sanctions tighten; president defends minister Hemmati, says problems cannot be blamed ‘all on one person’
By Agencies
Bank of Israel main offices in Jerusalem, on August 12, 2021. (Yonatan Sindel/Flash90)
February 24, 2025, 11:24 pm
Central bank holds borrowing costs steady, despite subdued growth, jumping inflation
Bank of Israel keeps interest rates steady at 4.5% citing geopolitical uncertainty, shekel volatility, and fiscal changes
By Sharon Wrobel
Buying vegetables at an Osher Ad store in Jerusalem, August 12 2021 (Sue Surkes/Times of Israel)
February 14, 2025, 4:57 pm
Israeli inflation jumps to 3.8% in January as VAT and utility costs rise
Consumer prices also increased last month as government tax hikes came into effect, upping the costs of food and other goods
By Sharon Wrobel
Bank of Israel governor Amir Yaron speaks at a press conference in Jerusalem, April 8, 2024. (Sharon Wrobel/Times of Israel)
January 6, 2025, 8:19 pm
Central bank sees economy improving but warns of continued geopolitical uncertainty
Bank of Israel holds interest rates at 4.5%, citing rising inflation following January tax hikes, including VAT; governor warns lawmakers against making changes to the 2025 budget
By Sharon Wrobel
Construction works on new housing in the southern Israeli city of Kiryat Gat, July 29, 2024. (Yossi Aloni/Flash90)
September 15, 2024, 9:49 pm
Israeli inflation picks up more than forecast as travel costs and home prices soar
Consumer prices accelerated to 3.6% in August, the highest level since October, reducing the odds that the central bank will cut high borrowing costs in the coming months
By Sharon Wrobel
Illustrative. A man looks at dairy products while shopping at a Rami Levy supermarket. (Nati Shohat/Flash90)
July 15, 2024, 9:57 pm
Inflation edges higher, bolstered by uptick in housing prices
In June, annual inflation rose to 2.9%, reaching the upper range of the government’s target, reducing the odds that high borrowing costs will be lowered in coming months
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, on January 7, 2019. (Noam Revkin Fenton/Flash90)
May 27, 2024, 7:06 pm
Bank of Israel leaves lending rate at 4.5%, as inflation and war uncertainty ramp up
Central bank has kept rate steady since cutting it in January; says it expects the deficit to rise due to war costs, pushing the state to make budgetary cuts and raise taxes
By Sharon Wrobel
The busy aisles at a Rami Levy supermarket in Pardes Hannah-Karkur, on October 10, 2023. (Gavriel Fiske/ Times of Israel)
April 15, 2024, 10:06 pm
Inflation edges higher as housing costs and travel prices rise
Consumer prices rose by an annual 2.7% in March, from 2.5% in February, reducing the odds that the central bank will lower already high borrowing costs for consumers in May
By Sharon Wrobel
Bank of Israel governor Amir Yaron speaks at a press conference in Jerusalem, April 8, 2024. (Sharon Wrobel/Times of Israel)
April 8, 2024, 9:17 pm
Bank of Israel holds borrowing costs steady, citing rising geopolitical uncertainty
Central bank keeps interest rates at 4.5% amid growing regional tensions, given Iran’s threat to retaliate against Israel and concerns over increased defense spending
By Sharon Wrobel
Tel Aviv skyline. (Abir Sultan/Flash90)
November 30, 2023, 7:52 pm
Tel Aviv bumped down to world’s 8th most expensive city to live in – survey
White city slips five rungs from 3rd-most costly city in 2022 and after taking ignominious top spot for first time in 2021, as global cost of living crisis slightly moderates
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, on January 7, 2019. (Noam Revkin Fenton/Flash90)
November 27, 2023, 10:24 pm
Bank of Israel cuts growth forecast again due to war impact, leaves benchmark steady
Central bank head urges government to commit to make expenditure cuts of non-essential items in the 2024 state budget, including discretionary coalition funds
By Sharon Wrobel
The busy aisles at a Rami Levy supermarket in Pardes Hannah-Karkur, on October 10, 2023. (Gavriel Fiske/ Times of Israel)
November 15, 2023, 10:17 pm
Amid war with Hamas, annual pace of inflation eases in October
Annual inflation eases to 3.7% ahead of Bank of Israel interest rate decision on Nov. 27; war expected to affect economy, dampen growth prospects
By Sharon Wrobel
A shopping cart at the Rami Levy supermarket in Modiin on July 21, 2022. (Yossi Aloni/Flash90)
October 15, 2023, 11:45 pm
Israel inflation rate unexpectedly falls in September, raising odds for rate cut
Annual inflation eases to 3.8% ahead of Bank of Israel interest rate decision next week; war with Hamas expected to affect economy, dampen growth prospects
By Sharon Wrobel
Illustrative: A shopper at a Rami Levy supermarket in Modiin on February 1, 2022. (Yossi Aloni/Flash90)
September 15, 2023, 10:52 pm
Annual inflation back up to 4.1% as consumer goods costs climb
Prices of fresh produce, transportation, entertainment, rent increase; drop seen in costs for clothing, footwear, furniture
By ToI Staff
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