According to the Central Bureau of Statistics (CBB), in 2023 the average salary in Israel increased by 6.1%, reaching 12,860 shekels per month for employees.
This was reported by the Voice of Israel.
Particularly strong figures were recorded in the technology sector, where the average salary exceeded the national average and amounted to NIS 29,674 per month, an increase of 6.8%. These data indicate the sustainable development of a number of industries in Israel.
Cursor previously reported that inflation was 3% year on year. For the first time in almost two years, the indicators “fit” within the established limit approved by the government.
In December 2023, the consumer price index fell by 0.1%, while the inflation rate over the past 12 months was 3%. This is a significant event, since for the first time in almost two years these indicators “fit” within the limits established by the government and the Bank of Israel.
Cursor also wrote that the Bank of Israel has unveiled an expanded loan assistance program. From the beginning of hostilities until the end of January 2024, 306 thousand requests were submitted to defer loan payments.
The Bank of Israel announced a new step to extend and expand the comprehensive support program agreed with the banks to help the population overcome the consequences of Operation Iron Swords. This time the program has been extended until June 30, and it will cover residents of the northern regions of the country.
