Study Reveals Steep Rise in Israeli Grocery Basket Prices Over Four Years
Translated & summarized from Maariv by baba
A Tel Aviv University study found that the cost of a typical Israeli grocery basket has increased by up to 22.7% in the last four years. Significant price hikes were observed across major supermarket chains like Super-Sol, Rami Levy, and Victory. Researchers attribute the rise to factors including tax increases and regulated product prices, noting a sharp acceleration in costs across all sales channels.
The story in 5 lines · by baba
- A Tel Aviv University study revealed grocery basket prices in Israel rose by up to 22.7% in four years.
- Super-Sol and Freshמרкет saw price increases of 19.6% in the last four years.
- Victory chain experienced a 16% price increase over the last four years.
- Researchers cited tax hikes and regulated product prices as contributing factors.
- The study noted significant price differences between various supermarket chains.
A new study from Tel Aviv University has found a significant increase in the cost of a typical Israeli grocery basket, rising by up to 22.7% over the past four years. Researchers analyzed daily price data collected from major retail chains, focusing on average monthly prices after discounts for a basket of 80 diverse products. The study highlights considerable disparities in price increases between different supermarket chains.
Super-Sol and Freshמרкет saw price hikes of 19.6% in the last four years, a stark contrast to their earlier increases of 2.3% and 6.3% respectively in the preceding period. Rami Levy and Victory chains also experienced substantial price rises, with Victory showing a 16% increase over the last four years compared to a mere 1.2% in the prior four years. These price differences amount to hundreds of shekels for consumers.
The researchers identified several contributing factors to the escalating costs, including increases in VAT, property taxes, water, and electricity rates, as well as regulated product prices. However, they also noted that a stronger shekel and a decline in global food prices from their 2022 peak could have mitigated some of the increases.
Professor Itay Ateh commented on the findings, stating that the data illustrates a sharp worsening of price increases for the Israeli public. He observed a significant acceleration in price hikes across all sales channels, from local corner stores to discount chains and online platforms, following a period of relatively moderate increases.
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