TEL AVIV (Jan. 15)
Israel’s consumer price index rose a modest 0.3 percent in December, settling the inflation rate for 1991 at 18 percent, the Central Bureau of Statistics announced Wednesday.
Economists, who were forecasting a 20 percent annual inflation rate only a few months ago, expressed satisfaction.
Housing and health costs, though up for the year, declined last month. They were offset by seasonal rises in the price of fruits and vegetables, up 4.7 percent, and clothing prices, up 3.2 percent.
Housing costs rose in 1991 by 28 percent, and the cost of health care was up 19.5 percent for the year.