Consumer Price Index In Israel Drops 0.1 Percent In February.

Israel's economic team, finance minister Mr. Yaakov Ne'eman and Bank of Israel governor Mr. Jacob Frenkel won another round in the fight against inflation when the consumer price index (CPI) registered a drop of 0. 1 percent for February 1998. This last drop brings the annualized inflation rate in Israel down to 6 percent. The CPI was once again heavily influenced by decreases in prices of clothing and shoes, which were partially offset by increases in food and housing costs.

Interest rates are expected to be lowered next month by 0.40.5 percent because of the fall in the C