Inflation falls for fourth month in a row as energy measures take effect
The annual rate of inflation fell again to 7.6% in January, national statistics agency CBS said in a flash estimate on Wednesday.
The estimate is based on incomplete data but shows inflation is down two percentage points on December, as the impact of the government’s energy price ceiling starts to take effect. The price of energy, including fuel, fell marginally last month, the CBS said.
Food was slightly more expensive, with prices up 14.5% year on year, compared with 14% in December.
The complete index will be published on 9 February. Inflation reached a high of 14.5% in September last year.
Calculated according to European methods, inflation was 8.4% in January, down from 11% in December. The European calculation does not take the cost of social housing into account.
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