Higher inflation rates likely to take a toll on third-quarter earnings

Rising inflation is beginning to show in Israel's businesses with at least four of the country's largest companies to warn over the past week they expect to post substantial increases in financing expenses over the third quarter, with costs estimated to rise by tens of millions of shekels.
"This is happening because these companies have bonds and a lot of debt linked to the Consumer Price Index. Once the CPI increased in size like it did over the third quarter, it pushed the amount of interest that the companies have to pay even higher," said one local analyst. For full story, click on the link below...
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