Inflation remains low, rental prices moderate

ISRAEL - Report 21 Dec 2020 by Jonathan Katz

Inflation is expected to reach 0.4% in the NTM on higher commodity and housing prices, while the shekel continues to appreciate. The current account surplus improved sharply in Q320 on strong export growth. Residential starts and completions remain below demand, supportive of higher prices in 2021. As the level of infections is higher and some limitations are expected to be imposed, Israel has commenced the process of vaccinations.

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