The recent raise in gasoline price stirred up the nation as many protested against the decision to raise prices to 8 NIS per liter. Eventually, Prime Minster Netanyahu intervened and cut back the raise so that the new 95-Octane Petrol price reached as of March, 1st 2012 reached 7.74 NIS ... Read More

Bank of Israel announced at the end of February it will leave the basic interest rate unchanged at 2.5% for March 2012. The last time Bank of Israel has reduced its basic interest rate was a month back in January 2012 when it reduced the rate by 0.25 percent points. ... Read More

According to a recent report of the Central Bureau of Statistics of Israel (CBS), Israel 's GDP in the second half 2011 expanded  by only 3.6% (year-o-year) which is a much slower pace than the growth rate of 5.3, which was recorded during the first half of 2011. The Israeli Gross ... Read More

During January 2012 the Israeli CPI continued its inertia as it remained unchanged again for the second consecutive month.  In the recent Central Bureau of Statistics report regarding consumer prices changes for January 2012, the Israeli inflation (CPI) remained flat compared with December's CPI (see chart below). The CPI sans energy ... Read More

As expected by many traders, Bank of Israel announced at the end of January it will reduce the basic interest rate by 0.25 percent points from 2.75% to 2.5% for February 2012. The last time Bank of Israel has reduced its basic interest rate was back in November 2011 when ... Read More

According to the recent report of the Central Bureau of Statistics of Israel (CBS), Israel 's GDP in 2011 grew by 4.8% (year-o-year) which is a similar rate to the grow rate of the GDP in 2010 and much higher than the growth rate in 2009: This estimate is based of ... Read More

Following the recent increase in the Israeli inflation during October, the Israeli CPI changed direction and slightly slipped by 0.1% during November. In the recent Central Bureau of Statistics report regarding consumer prices changes for November, the Israeli inflation (CPI) declined by 0.1% compared with October's CPI (see chart below). ... Read More

Following the recent decrease in the Israeli inflation during September, the Israeli CPI bounced back and slightly inclined by 0.1% during October. In the recent Central Bureau of Statistics report regarding consumer prices changes for October, the Israeli inflation (CPI) rose by 0.1% compared with September's CPI (see chart below). ... Read More

According to the recent publication by Central Bureau of Statistics of Israel (CBS), the GDP of Israel continues to grow in 2011at a very similar rate to the grow rate of the GDP in 2010: This flash estimate is based of the performance of the Israeli economy during the first three ... Read More

Bank of Israel enjoyed for the appreciation of the NIS  during October as the Bank's reserves inclined by $545 million.   According to the recent press release by Bank of Israel, the Bank's foreign exchange reserves inclined during October by $545 million compared to September 2011; the total foreign exchange reserves ... Read More