TEL AVIV (Feb. 15)
Israel’s cost-of-living index rose by 1.1 percent in January, the Central Bureau of Statistics announced Thursday.
The increase, the same as in December, was slightly higher than the original projection for January of “under 1 percent.”
The average Israeli family now requires a monthly income of about $1,500 to break even.
Economists expect the February price index to show a higher increase when it is announced on March 15. It will reflect price increases the Finance Ministry introduced.
But economists are projecting a lower annual inflation rate in 1990. They say it will be under 20 percent, compared to 21.7 percent in 1989.