New data Inflation Rate YoY (Feb)
3/13/2025
actual -2.51, previous 22.77
The event is the "Inflation Rate YoY (Year-over-Year) for February" in Palestine (PS) with the currency being the Israeli Shekel (ILS). The actual inflation rate reported is -2.51%, which indicates a decrease of 25.28% compared to the previous value. The impact of this event is considered low.The estimated inflation rate was 15%, but the actual rate came in much lower at -2.51%. This represents a significant deviation from expectations, with a change percentage of -111.023%. A negative inflation rate can indicate deflation, which may have implications for the economy such as decreased consumer spending and investment.
Overall, this unexpected decrease in the inflation rate could have various effects on the economy, including influencing monetary policy decisions and consumer behavior.
This is not investment advice. Remember to verify the information provided here.
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