The heavy price of the war against Gaza; The dire situation of inflation and high prices in the occupied lands
According to Webangah News quoted by Mehr News Agency, citing Al-Mayadin, the Zionist media complains about the dire economic situation of the occupying Jerusalem regime and the indicators of inflation and high cost of living, but Netanyahu’s cabinet continues to ignore the economic losses of the Gaza war. It refuses to accept it as a factor to review the continuation of the war.
Mekan news base of the Zionist regime stated that, contrary to the initial forecasts, financial inflation has increased by more than one percent, which indicates that the bank interest rate will decrease in the near future. It is far from expected. The consumer price inflation index also increased by 0.9% in July and inflation reached 3.6% from 3.2%. Also, the price of apartments increased by 0.9%.
Inflation in August was reported to be around 1 percent, while analysts They predicted that this increase would be only 0.5%. The increase in prices continues, especially in the field of housing, and the price of new apartments has increased by 5.8% annually. Also, the price of fresh vegetables has increased by 13.2%, transportation by 2.8%, and educational and cultural expenses by 0.5%.
The newspaper “Haaretz” of the Zionist regime also called this situation “the longest and most expensive war in history Israel” has read and pointed out that in addition to security costs and compensation payments, this war has had a great impact on the increase in the cost of living in Israel.
This newspaper called the cost of living index the “war index” and stated that this increase is related to the consequences of the Gaza war.
According to the report of this newspaper, part of the increase in costs was due to a sharp increase in the price of plane tickets to foreign destinations, because many international airlines canceled their flights to Palestine. Occupancy has been reduced due to war conditions, and this reduction in supply has increased ticket prices.
This newspaper further stated that after the martyrdom of Fouad Shakar, the commander of Hezbollah, In Beirut and Ismail Hanieh, the head of the Hamas political office in Tehran, concerns about the escalation of tensions have increased. And this situation has caused some foreign airlines to stop their flights to the occupied territories, and as a result, ticket prices have increased.
One of the other consequences of the war is the increase in the interest difference between the bonds of the Zionist regime and the United States, which indicates the increased risk of investing in Israeli bonds. This situation has increased the cost of financing the war by this regime.
The available indicators indicate an increase in inflation and the cost of living, which includes an increase in housing prices, a decrease in the entry of Palestinian workers into construction, and an increase in food prices. All these problems have prevented the reduction of the interest rate and have increased the cost of housing loans.
Haaretz has stated that the Zionist cabinet is indifferent to these problems and to the effects Zionists do not care about the economy of war on people’s lives and its heavy costs.
