Smotrich in a message to the Biden administration: "We will enter Rafah and dismantle Hamas, there is no other way"/Walla system!
The consumer price index for the month of March increased by 0.6%. Most analysts such as Discount and Leader estimated that the index would rise by only 0.5%, so this is a deviation from expectations. As a result, inflation increased by 2.7% in the last 12 months.
Housing prices which increased by 1% especially in the Tel Aviv area (2.1%). Rental prices for contract renewals increased by 2.6% and clothing and footwear which increased by 2%. The prices of fruits and vegetables decreased by 3% on the other hand. So much for the dry data.
But the index that will be published next month will be even higher. It will also be affected by a 4.4% update in the prices of raw milk and related products such as Eshel, cream, yellow cheese, and white cheese, which are subject to supervision as of May 1. The non-supervised products that depend on the price of milk will become more expensive The
increase
in prices is partly explained by the agreement signed between the Minister of Finance and the dairies in which the dairymen were forced to spread some of the price increases.
What interests Netanyahu's survival government is the war in Iran and the endless war in Gaza. The most prominent area in this matter are the gas prices that rise every month and housing prices.
Discount Bank stated yesterday that "there is an increase in demand for apartments, while the supply resulting from the decrease in construction starts and apartment inventory does not meet the needs of the economy, so the price increase we have seen recently will continue."
The state's incompetence regarding housing prices is expressed in its stubborn refusal to bring in Palestinian construction workers. But not only do such workers not arrive, but she is also negligent in bringing in other foreign workers.
To this must be added the winds of war with Iran. After a temporary lull that lasted for a day, the capital market is now afraid of the possibility of an Israeli period against the Iranians. As a result, the stock market moved to lower prices and the dollar returned and strengthened after trading opened in a positive trend and the dollar weakened.
The winds of war with Iran and increasing inflation will force Bank of Israel Governor Prof. Amir Yaron to refrain from further lowering the interest rate even in the decision on May 27. The decision from last week not to lower interest rates now seems more logical than ever.
Nira Shamir, the chief economist of Discount Zion, said that "the composition of the index is as important as its level. The Bank of Israel's interest rate, which currently stands at 4.5% per year, is expected to drop at the end of the year to 4% and in a year to 3.75%." Blessed is the believer.
The price of losing hands in the war on the cost of living in the area of interest is paid by the public of mortgage holders, consumers of overdrafts and credit payment transactions. Now another problem has been added and it is the increase of inflation. Are any of the decision makers up there bothered by the situation? probably not. After all, the Knesset is in recess.