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Consumer Goods Prices Soar

February 12, 1982
See Original Daily Bulletin From This Date

The government slashed subsidies for the second time in little more than a month Monday, sending the prices of a wide variety of foods, goods and services soaring as of midnight Tuesday.

The price of bread was up 12 percent, frozen meat and poultry up 14-20 percent and gasoline up 6-7 percent. The prices of heating oils, margarine, butter, milk and other dairy products also rose.

The Finance Ministry informed the Knesset of increases in the price of electricity and postal services. But the Knesset Finance Committee said those raises were illegal because it was not given an opportunity to discuss them before they were put into effect, as required by law. The Finance Ministry had no comment on its failure to consult with the Knesset panel.

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