Israel achieved a goal of more than two decades last year, when it managed to bring annual inflation down to a single digit for the first time since 1969.
The Central Bureau of Statistics announced last Friday that the cost-of-living index rose by 1.1 percent in December, bringing the inflation rate for all of 1992 to 9.4 percent. This was just over half the 1991 rate of 18 percent.
The biggest contributor to inflation last year was health care costs, which rose by 20.6 percent. This was due to a 31.4 percent rise in the price of membership in the Kupat Holim sick fund.
December’s increase brought the 1992 consumer price index to 227.6 on a 1987 baseline of 100.
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