15 January 2010 - 16H24  

Israel inflation stable at 3.9% in 2009
A woman buys vegetables from an Arab Israeli man at a local market in the southern Israeli city of Beersheba, 2009. Inflation ran at a stable 3.9 percent in Israel last year, slightly up from 3.8 percent in 2008.
A woman buys vegetables from an Arab Israeli man at a local market in the southern Israeli city of Beersheba, 2009. Inflation ran at a stable 3.9 percent in Israel last year, slightly up from 3.8 percent in 2008.

AFP - Inflation ran at a stable 3.9 percent in Israel last year, slightly up from 3.8 percent in 2008, the statistics office said on Friday.

Central bank governor Stanley Fischer had targeted an inflation rate of no more than three percent for 2009.

But he is not expected to raise Israel's base lending rate at the end of January from its current 1.25 percent since the shekel has gained in value against the dollar in recent weeks.

In March 2009, the bank lowered the rate to 0.50 percent, a record low for Israel, but gradually raised it later in the year.

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