The World - News from May 28, 1985
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Israel announced a 14% to 30% boost in the price of goods and services as part of an economic recovery plan aimed at reducing inflation. The radio announcement came minutes after shops closed for the day and effectively thwarted any last-minute hoarding. The increases had been expected this week after the expiration of a two-month wage and price regulation agreement signed March 31 by the government, manufacturers and the Histadrut labor federation.
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