TEL AVIV (Dec. 17)
A 1.3 percent increase last month in Israel’s cost-of-living index brought the consumer price index to 148.3 on a 1987 baseline of 100, the Central Bureau of Statistics reported Sunday.
Inflation is currently running at an annual rate of 20 percent. The rate for the full year will not be known until the December price index is published on Jan. 15.
But according to the new statistics, an average family now needs a monthly income of $1,500 for a standard basket of goods and services.