Israel inflation eases in December for 3.2% rate in 2024
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FILE PHOTO: A man carries his groceries through Mahane Yehuda market in Jerusalem, September 30, 2022. REUTERS/Amir Cohen/File Photo
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.
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.
(Reporting by Steven Scheer; Editing by Toby Chopra)
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