As Israel's annual inflation rate soared to a new high of 138 percent, over 6,000 labour unionists demonstrated outside Prime Minister Menachem Begin's office on Sunday (16 November), calling for the government's resignation.
GV EXTERIOR Labour Federation demonstration in Jerusalem, showing demonstrators with placards (3 shots)
SV Secretary-general of Histadrut, Yeruham Meshel addressing crowd (3 shots)
SCU & SV Members of crowd and some with placards shouting (4 shots)
GV Security forces at government buildings
TV Crowd and placards
GV & SV INTERIOR Shoppers at check-out (4 shots)
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Background: As Israel's annual inflation rate soared to a new high of 138 percent, over 6,000 labour unionists demonstrated outside Prime Minister Menachem Begin's office on Sunday (16 November), calling for the government's resignation.
SYNOPSIS: The demonstration took place as the israeli cabinet met to discuss inflation. The rise for October alone was 11 percent, and economists predict it could reach two hundred percent within a few months.
Yeruham Meshel, secretary-general of Histadrut, the labour confederation, told the demonstrators it was the government which caused inflation by putting up rices of basic foodstuffs and petrol, and he called for it to resign.
But Finance Minister Yigael Hurvitz charged the unions with aggravating inflation by their failure to agree on a wages-prices deal with the government. As a result of Israel's continuing economic problems, the overseas debt has risen to over 5,000 dollars for every man. woman and child on the state. Wage rises have meant large-scale printing of money, so much so that Finance Minister Hurvitz has been nicknamed Yigael the Printer.
Israeli workers are cushioned against the worst effects of inflation through government-ordered wage rises. Stores are full and there are many cut-price items always on sale, but shoppers still fell the bite of inflation at the check-out. the cost of fruit and vegetables rose by 20.7 percent in October, while clothing and footwear leapt by 29.2. percent.