Hundreds of Israelis demonstrated outside the Treasury building here last night to protest the government’s economic policy which, they charge, only feeds inflation. The protest was organized by the National Consumers Authority and the Jerusalem Workers Council. The demonstration was prompted by reports earlier this week of an impending 50 percent hike in the prices of basic commodities. According to the reports, the rise is necessary if the government is to fulfill its promise not to increase its IL- 9 billion budget earmarked for commodity subsidies.
“We are demanding that the government stop the price spiral, reinstate price controls and re-examine its subsidy policy, ” said Nava Arad; one of the protest organizers. “We also demand that it refrain from raising prices on basic goods which principally harms a growing population of women, children and the aged.”
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