Israeli Inflation Rate for Last Year a Record 444.9%
Israel’s annual inflation rate was a record 444.9% in 1984, the Central Bureau of Statistics reported.
Government officials and economists predicted late last year that the inflation rate for 1984 would wind up in the 600% to 800% range. In 1983, the inflation rate was 190.7%.
The consumer price index rose by 3.7% in December, the smallest increase in 18 months, bureau spokesman David Neuman said Tuesday.
The slowdown in inflation reflected the three-month freeze on prices and wages that the government imposed in November. The government put a price ceiling on hundreds of controlled goods and services and forbid raising other prices above their Nov. 4 level.
October’s inflation rate of 24.3% was an all-time record.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
