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News Brief

July 15, 1980
See Original Daily Bulletin From This Date

The price of bread went up Monday by an average of 110 percent, with the government cutting its subsidy for this product considerably. The large increase was held off for many months, due to the opposition of Premier Menachem Begin, who was against the price hike of such a basic food product which is used mainly by low income and large families. It is the first time in nine months that the price of bread was raised — which in terms of the galloping inflation in Israel meant a considerable loss to the government.

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