The 'Inflation Rate YoY' in Israel measures the percentage change in the Consumer Price Index (CPI) compared to the same month in the previous year, reflecting the rate at which prices for goods and services are rising. It is crucial for the economy and financial markets as it influences monetary policy decisions by the Bank of Israel, impacting interest rates and economic growth. High inflation can erode purchasing power and savings, while low inflation may indicate weak demand. In Israel, inflation trends are closely monitored due to their implications for economic stability and investor confidence.
The 'Inflation Rate YoY' in Israel measures the percentage change in the Consumer Price Index (CPI) compared to the same month in the previous year, reflecting the rate at which prices for goods and services are rising. It is crucial for the economy and financial markets as it influences monetary...