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January Inflation Higher Than Expected

February 16, 1988
See Original Daily Bulletin From This Date

The cost-of-living index rose by 1.6 percent during January, the Central Bureau of Statistics announced Monday.

It was the first monthly index based on a new “representative basket” reflecting current expenditures more accurately than the old basket prepared some years ago.

The January figure was somewhat higher than the 1.0-1.2 percent figure anticipated by economists and the banks.

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