TEL AVIV (Jul. 19)
Israel’s cost-of-living index rose by one percent in June, according to figures published by the Central Bureau of Statistics Wednesday. The increase, exceeding the expected rise of 0.5 percent, drew expressions of “restrained disappointment” from Treasury officials.
The index has risen by 8.5 percent in 1987. The June increase brought it to 177 compared to 100 in the base year, 1985.
The latest figures are likely to affect negotiations between the Treasury and Histadrut for higher wages for public employees. Spokesmen for the employers Association said they re-enforced their opposition to Histadrut proposals for wage hikes and a five-day work week.
Israelis presently work a six-day week. The employers said the economy could not stand a reduced work week.