TEL AVIV (Jul. 15)
The cost of living index rose by six percent last month, more than twice the rate during June last year, the Central Bureau of Statistics reported today. June is usually regarded as a “low rise” month. The increase brought the c .o. l. rise since the beginning of the year to 49.9 percent, with an annual inflation rate of about 130 percent.
The June hike was due to increases in all types of goods apart from fruit and vegetables, which showed a slight seasonal drop. The c.o.l. jump was due also in part to rises in price controlled articles following reductions in subsidies, as well as the first results of Israel’s entry into Lebanon.