Economic Indicators

Israel inflation eases in December for 3.2% rate in 2024

2025.01.15 12:00

JERUSALEM (Reuters) – Israel’s inflation eased more than expected in December to end 2024 at a rate of 3.2% versus 3.0% in 2023, according to data on Wednesday from the Central Bureau of Statistics that could entice policymakers to start reducing interest rates soon.

© Reuters. FILE PHOTO: A man carries his groceries through Mahane Yehuda market in Jerusalem, September 30, 2022. REUTERS/Amir Cohen/File Photo

The annual inflation rate in December fell to its lowest level since July, falling from 3.4% in November.

The December rate was below expectations of 3.4% in a Reuters poll but still exceeds the government’s 1%-3% annual target range.



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