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.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.