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New Consumer Prices

November 11, 1974
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New consumer prices went into effect today. Typical of the price hikes are: brown bread, one IL up from 55 agorot; white bread. 95 agorot from 55 agorot; kilo of sugar, six IL from two IL; bottle of cooking oil, 2.60 IL from 1.05 IL (quantity: 580 grams); margarine, one IL from 45 agorot (200 grams); frozen meat. 20 IL per. kilo from 17.8 IL; liter of milk, 1.60 IL from one IL; one kilo yellow cheese, IL from 11 IL; and butter, two IL from 1.20 IL (100 grams).

Other price increases are: one egg, 38 agorot from 25 agorot; chicken up 22 percent; high grade petrol. 2.80 IL from 1.70 IL per liter; cooking gas, 30 IL per cannister from 18 IL; electricity rates to rise 70 percent; bus and taxi fares to rise 40 percent, Home heating fuel, 1.25 IL per liter from 70 agorot.

A series of 29 items that must not be imported for the next six months include cars, electrical goods (TV, stereo, hair dryer, vacuum cleaner, etc.). This provision is designed to curb spending of hard currency. In addition, travel tax will now be IL 750 plus 15 percent of the ticket price-from IL 600 plus 10 percent. (This, of course. is over and above the rise in the price, in dollars, of the ticket itself.

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