Signs of inflation moderation
ISRAEL
- Report
17 Jul 2023
by Jonathan Katz
1. June’s CPI points to broad deceleration of inflation, both in goods and services, especially rental prices.
2. Growth in Q223 is likely to remain fairly robust on the back of strong exports of goods (defense exports mostly).
3. The shekel remains vulnerable to expectations regarding the different measures of the judicial overhaul.
4. The combination of inflation deceleration and recent shekel appreciation support rate stability.
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