[ad_1] Israel’s Client Value Index (CPI) rose 0.4% in February, in keeping with expectations. Within the twelve months to the top of February, the speed of inflation fell to 2.5% from 2.6% on the finish of January, based on figures launched by the Central Bureau of Statistics right this moment. The costs of recent fruit rose by 10.7% final month, footwear rose by 1.4%, leisure and tradition rose by 1.2%, house upkeep rose by 0.9%, and furnishings and family tools and transport every rose by 0.7%. RELATED ARTICLES Why do not…
Author: Maya Levin
[ad_1] Israel’s Client Value Index (CPI) was unchanged in January. Within the twelve months to the tip of January, the speed of inflation fell to 2.6% from 3% in 2023. The decline is in step with analysts’ expectations that the annual inflation price would fall to 2.6-2.7% in January. The clothes and footwear merchandise and the leisure and tradition merchandise each fell by 1.0% final month. Contemporary produce costs fell by 0.5%, and the transport merchandise fell by 0.4%. The Central Bureau of Statistics has additionally revealed the change in dwelling costs (which aren’t a part of the overall…
[ad_1] The Tel Aviv Inventory Change (TASE: TASE) reported this morning that hedge fund billionaire Invoice Ackman and his spouse Neri Oxman have made their first funding in Israel, shopping for a 4.9% fairness stake within the inventory change for about NIS 64 million ($17 million). The couple are among the many distinguished buyers from Israel, the US, Europe and Australia who participated in a secondary providing of shares within the TASE by Israeli establishments and the TASE itself. Of the online proceeds of the providing, NIS 87 million will go to the promoting establishments and NIS 242 million…
[ad_1] The international alternate market is once more unstable at this time. The shekel has weakened considerably towards the euro, with the speed at present 1.36% above yesterday’s consultant price, at NIS 3.9899/€. Towards the US greenback, the shekel has weakened extra reasonably at this time. The shekel-dollar price is at present up 0.62%, at NIS 3.6262. Sharp volatility in shekel alternate charges has develop into the norm previously few months. Because the starting of the 12 months, the Israeli foreign money has weakened by 6% towards the euro and by 3% towards the US greenback. IBI Funding Home…