Israel’s cost-of-living index rose by 1 percent in September, ending any chances of limiting this year’s annual inflation rate to a single-digit figure.
On the basis of the 1 percent increases seen during the last two months, economists are forecasting an 11 percent inflation rate for 1993.
The Central Bureau of Statistics said that the cost of a standard basket of goods and service for the average urban family of four, including housing costs, now stands at 5,025 shekels a month, or $1,757.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
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.
