Israel’s cost-of-living index rose 1.2 percent in March, according to figures released Sunday by the Central Bureau of Statistics.
The less-than-expected increase was attributed to the general economic slowdown.
A 2 percent rise had been forecast by economic experts and the Finance Ministry because of the shekel’s devaluation last month and the I percent hike of the Value Added Tax.
But the economic downturn kept costs from rising. Experts noted that shelves remained fully stocked during the month.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
