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Large Salary Increases Due As Cost of Living Jumps in Israel

October 16, 1956
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The cost of living index jumped 13 points last month, necessitating 65 million pounds in salary increases for workers whose wages are linked to the cost of living. The government payroll alone will go up by 13 million pounds.

The index rose to 260 points, a new record for Israel which has been plagued by inflation from the day of its birth. The index uses the cost of living in September 1951, as a base of 100.

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