Higher Prices Usher in New Year
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Higher Prices Usher in New Year

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The government ushered in the new year with the announcement of a 10 percent price hike on a variety of basic foodstuffs, effective as of midnight last night. The items affected include frozen chicken and dairy products. But the increase is not Final. The Cabinet may be asked to approve on additional 10 percent rise on the pride of frozen chicken and brazen meat when it meets again next Sunday.

The Central Bureau of Statistics-announced today that the consumer price index rose by 51 percent during the calendar year 1978, compared to a 35 percent rise in 1977. While the figures are subject to revision within the next week or two, no substantial changes are expected. The statistics indicated that the general price index will have registered a 51-52 percent rise last year regardless of whether or now the housing price index is included.

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