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Kislev 6, 5770 / November 23, '09  
 
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Cost of Electricity Up

Reported: 15:51 PM - Mar/05/08
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(IsraelNN.com) Rising crude oil prices have contributed to another rise in the price of electricity following a drop of almost three percent last month. The new price structure will take effect on Tuesday and will reflect a 4.15 percent price hike.

Gasoline prices went up last month, and the increases will put upward pressure on the consumer price index for March. A high inflation rate will make it more difficult for Bank of Israel Governor Prof. Stanley Fischer to drop the interest rate as part of a strategy to continue strong economic growth.


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