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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
The CPI rose by less than expected in May, but residential rents were up 7.5% year-on-year, and the steepest rises could still be ahead.
Consumer price index surprises with lower-than-expected monthly figure of 0.2% versus analysts' expectations of 0.5%-0.6%
Consumer price index surprises with lower-than-expected monthly figure of 0.2% versus analysts' expectations of 0.5%-0.6%
The analysts' consensus sees the Bank of Israel raising the interest rate on Monday by 0.25% to 4.5% - a ninth consecutive rate hike.