The shekel appreciates sharply, supporting lower inflation

ISRAEL - Report 08 Aug 2022 by Jonathan Katz

* Wage growth in the private sector continues, mostly in hi-tech and finance.

* Sharp shekel appreciation and lower energy prices have pushed our inflation forecast down.

* Recent escalation in violence is not expected to have any real impact on growth or on markets. A cease fire was reached last night at 23:30.

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