Labor slams Netanyahu over August inflation data

By NADAV SHEMER
September 16, 2012 10:41

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Labor leader Shelly Yacimovich slammed the Netanyahu government over the August inflation figures Sunday, saying that the picture will look even worse in one month when the 1 percent Value Added Tax increase is taken into account.

Inflation rose by more than 1% in August to 106.2 points, the Central Bureau of Statistics reported on the weekend. The Consumer Price Index has risen by 2.1% in the year to date.

The largest price increases were for cigarettes (14.2%), fresh produce (7.9%), culture and entertainment (2%), transport (1.8%), housing (1.1%), food (0.9%) and furniture (0.6%). On the other hand, the price of clothing and footwear decreased by 6%, and communications devices fell by 1.1%.

Yacimovich argued that these figures and last week’s State Comptroller’s Report demonstrate Prime Minister Binyamin Netanyahu’s “archaic economic policy, which has caused the loss of control over the price of housing, health, gasoline, pasta, cheese, fruit and vegetables.”

Related Content

Breaking news
July 16, 2018
Report: Egypt's ex-military chief of staff Sami Anan in 'critical' condition

By REUTERS