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Inflation Rate MoM

Name: Inflation Rate MoM
Creator: TipRanks

The 'Inflation Rate MoM' in Israel measures the percentage change in the price level of a basket of goods and services from one month to the next. It is a critical indicator of inflationary trends, influencing monetary policy decisions by the Bank of Israel. A higher-than-expected inflation rate can lead to increased interest rates to curb inflation, impacting borrowing costs and financial markets. In Israel, where economic stability is crucial, monitoring inflation helps in maintaining purchasing power and economic growth.