Israel’s inflation rate for 1987 was 16.1 percent, the lowest figure in 15 years, the Central Bureau of Statistics reported.
The figures were released after the bureau reported that the cost-of-living index rose 1.3 percent in December.
The comparatively low figure was welcomed by all sectors of the economy — though Finance Minister Moshe Nissim said he would only be happy when he learned that 1.3 percent was the annual, rather than the monthly, figure.
Beginning this month, the Central Bureau of Statistics will be using a new “representational basket” as the basis of its price comparisons. The new method takes into consideration such items as the purchase of video cassette recorders and the purchase and rental of video cassettes.
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.
