“The strengthening of the shekel will continue to play a key role in moderating inflation”

According to Rafi Gozlan, chief economist at IBI Investment House: “The Israeli consumer price index surprised in November at a downward rate for the second month in a row. The mix of the index continues to be affected by imported inflation (goods and supply chains), but the shekel is strengthening.”

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Gozlan also notes that “the effects of the opening of the economy are beginning to dissipate, so a return to inflation that relies more on the services industries will also mark a moderation in inflation in 2022. in the coming year”.