October’s inflation rate was 2.4 percent, the Central Bureau of Statistics reported Friday. That was the lowest October rate in 13 years, noted Finance Minister Moshe Nissim, who cautioned that it was no indication of an upward trend. He said October traditionally is an “expensive” moth because of seasonal increases in the prices of produce, clothing and footwear.
Histadrut labor federation Secretary General Yisrael Kessar noted that the October increase was lower than had been feared, but still was relatively high. For the first 10 months of 1986, prices rose by 14.6 percent.
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