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An increase in consumer price index and a raise in the interest rate is potential.

2007-12-30

In spite of all previous anticipations, Price consumer index increased in November 2007 by a noticeable percentage of 4% due to the huge increase in Israeli products prices. This will make Bank of Israel to change the plan and raise the interest rate in the economic system after 8 years of 0.25 as a rate, to become 4.25. Also in the USA, Price consumer index had been raised aggressively last November by 4.3 % comparing with the same month of 2006. And comparing with October, it increased by 0.6 for the year 2007, and this was the sharpest increase 2005.