The highest rate of inflation in the last 14 years in the Zionist regime

According to the report of the International Economic Group of Fars News Agency, citing Reuters, the inflation rate in Israel is expected to reach the highest level in the last 14 years in June, and it is likely that it will have to raise the interest rate sharply to curb inflation. .

According to a Reuters poll of economists, the consumer price index in June is likely to increase by 4.5 percent year-on-year, almost the same level seen during the economic recession in November 2008.

Last week, the Bank of Israel increased the interest rate by half a percent and reached 1.25 percent, which is the highest rate since 2013. This is the third consecutive increase in a short period of time.

Analysts believe that Israel has no choice but to increase the interest rate again and it is expected that the interest rate will increase to 2.75% in the upcoming meeting on August 22.

It is predicted that the economic growth of the Zionist regime will reach 5% in 2022.

While Israel is struggling with the highest inflation in the last 14 years, it hosted US President Biden yesterday.

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