Inflation Hits
18 Percent
Inflation in Judea and Samaria,
excluding housing, soared 18 per-
cent last year, compared with
12.2 percent in Israel.
This was due to the steep
hikes in the price of fruits and
vegetables, the Central Bureau
of Statistics reported.
Fruit and vegetable prices
shot up 83.4 percent last year in
Judea and Samaria, compared
with 56.1 percent in Israel.
Because the population in
Judea and Samaria is much
poorer than Israel's, the effect of
food prices on the territories' con-
sumer basket is much greater.
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Revenues Soar
14 Percent
Sterling
Business revenues in Israel rose
14 percent in real terms in the
first 10 months of 1994, the
Central Bureau of Statistics
reported.
Last year's rise followed a 9.2
percent increase in 1993 and an
even larger jump of 11.2 percent
in 1992.
Commercial education and
health services revenues soared
21 percent in the first 10 months
of 1994. They were followed by
business services at 19 percent,
personal services at 16 percent
and transportation at 15 percent.
Chinese Checking
On Tax Treaty
A delegation headed by China's
income tax commissioner is in Is-
rael conducting negotiations on
a taxation treaty with Israel
Treasury officials.
The treaty is expected to make
it easier for Israelis to invest in
China.
An Israeli delegation, headed
by Income Tax Commissioner
Doron Levy, will travel to China
in March to complete the nego-
tiations in time for Israel Finance
Minister Avraham Shohat to
sign the treaty when he visits
China in April.
Retail Sales
Take A Dive
Retail sales in Israel shot up by
10 percent in real terms last
year. Consumer spending took
off in early 1994, only to moder-
ate in the last quarter, the Cen-
tral Bureau of Statistics
reported.
Sales tumbled 14 percent in
the fourth quarter after rising by
9-11 percent in the previous two
quarters and jumping 20 percent
in the first quarter.
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