The cost of living index in Israel rose by 1.2 percent for August, the Central Bureau of Statistics has announced.
Housing costs were the main factor for the rise – prices went up in August by 2.9 percent and were responsible for 0.7 percent of the index’s rise.
Inflation since the beginning of the year now stands at 6 percent. The projected inflation rate for 1995 stands between 8 percent and 9 percent.
It was unclear whether the Bank of Israel would raise interest rates as a result of the higher index.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
