Israel led the world in beating down inflation last year according to “ILO Information,” the monthly newsletter of the International Labor Organization, a United Nations agency based here.
The newsletter said 1986 was a turning point for several countries beset by galloping inflation. In Israel, the inflation rate plummeted from 185 percent to 20 percent. Bolivia reduced inflation from 175 percent to 66 percent, Argentina from 355 to 82 percent and Brazil from 228 to 68 percent.
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