Shekel weaker ahead of Dec CPI

Shekel Photo: Shutterstock
Shekel Photo: Shutterstock

Economists predict that the December Consumer Price Index fell 0.2% following a fall in the price of fuel.

The shekel is weakening today against the dollar and firm against the euro. In afternoon inter-bank trading, the shekel-dollar exchange rate is up 0.33% against the dollar at NIS 3.669/$ and down 0.01% against the euro at 4.192/€.

Yesterday, the Bank of Israel set the shekel-dollar representative rate down 0.436% at NIS 3.657/$ from Friday's rate and set the shekel-euro rate down 0.936% at 4.192/€.

At 6.30pm the Central Bureau of Statistics will publish the Consumer Price Index for December. Economists predict a 0.2% fall following the decrease in the price of fuel.

Published by Globes, Israel business news - en.globes.co.il - on January 15, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

Shekel Photo: Shutterstock
Shekel Photo: Shutterstock
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