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Israeli Cost of Living Up Sharply

Israel’s cost of living rose an alarming 1.4 percent during April, the Central Bureau of Statistics has announced.

It was the fifth straight month that the monthly cost of living index has risen by more than 1 percent, to the consternation of Israel’s economic and trade union leaders.

Based on the indexes for the first third of the year, the inflation rate for 1993 is now expected to be 16.5 percent.