An average urban family needs 13,000 Shekels ($750) a month to maintain its standard of living, compared to 3,680 Shekels in 1980, according to figures released last Thursday by the Central Bureau of Statistics.
The Bureau reported that the cost of living index rose by 5.1 percent during March, the last month of fiscal year 1981-82. The monthly increase brought the total for the fiscal year to 104 percent, a little above Finance Minister Yorom Aridor’s hoped for two digit inflation target.
During the first three months of the calendar year the cost of living index rose by 20.3 percent, for on annual average rate of 112 percent. Manufacturers and trade union representatives signed an agreement for payment of a 16.6 percent increase on monthly salaries for April. The increase in calculated at 80 percent of the cost of living increase.
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