Israel's prices index in sharpest Sept. fall since 1948

Published October 18th, 2000 - 02:00 GMT

Israel's prices index fell 0.6 percent in September, its sharpest decline for the month since the Jewish state was founded in 1948, the statistics bureau said Monday.  

 

Prices have now gone down 0.5 percent since the start of 2000, a post-1967 record for the period. 

 

The fall in inflation, after a sustained period of high rates, is attributed to the government's policy of a strong shekel along with a seasonal easing in fruit and vegetable prices. 

 

The statistics bureau estimates a maximum inflation rate of three percent inflation for 2000. – (AFP) 

 

© Agence France Presse 2000 

© 2000 Mena Report (www.menareport.com)

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