400 p.c. inflation could hurt at polls
NZPA-Reuter Jerusalem Israel’s consumer price index rose 20.6 per cent in April, bringing the projected 1984 inflation to 400 per cent — double last year’s rate, the Central Bureau of Statistics reports. The jump in inflation was bound to be a key issue in the national election on July 23 and could hurt Yitzhak Shamir’s chances of re-elec-tion as Prime Minister.
A bureau spokesman said that the April price increases had brought the average monthly spending
for a family — calculated at 3.5 people — to 125,000 shekels (about $1022). Average wages are about 87,000 shekels, or $7lO. Yisrael Keisar, head of the country’s powerful Histadrut labour federation, demanded that the Government compensate Israeli workers immediately for the price jumps. Under a previous agreement with Histadrut, workers received a wage increment every three months to keep up with the price increases, but the jump in inflation has severely eroded salaries.
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Press, 17 May 1984, Page 10
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154400 p.c. inflation could hurt at polls Press, 17 May 1984, Page 10
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