Food Prices Soar 19% in Four Years, New Study Finds
Translated & summarized from Arutz Sheva by baba
A new study by Tel Aviv University found that food prices in Israel have increased by 19% over the past four years, a rate nearly five times higher than the previous four years. The price hikes affected neighborhood stores, online retailers, and major supermarket chains, with specific items like chocolate and borekas seeing significant jumps. The research tracked 80 popular food items and revealed an accelerating trend in food costs.
The story in 5 lines · by baba
- Food prices in Israel increased by 19.6% in neighborhood stores over four years.
- A Tel Aviv University study found food prices rose nearly five times faster in the last four years.
- A basket of 80 popular food items saw price increases across all retail channels.
- Specific products like chocolate and borekas experienced price hikes of up to 78% and 31%.
- Online shopping and neighborhood stores saw higher price increases than major retail chains.
A new study from Tel Aviv University's Coller School of Management reveals that food prices in Israel have risen nearly five times faster in the last four years compared to the preceding four years. A basket of 80 popular food items increased in price by 19.6% in neighborhood stores, approximately 19% online, and 14.5% in retail chains.
The research tracked price changes for common consumer goods, finding significant hikes across various purchasing channels. Neighborhood stores saw the highest overall increase at 19.6%, while online shopping platforms experienced a 19% rise. Major retail chains recorded a 14.5% increase for the same basket of goods.
Specific products experienced dramatic price jumps. A 100-gram bar of "פרה" chocolate rose by about 78% in neighborhood stores. A 800-gram package of "עדנות" cheese borekas increased by approximately 31%, and a kilogram of "סוגת" jasmine rice saw a price hike of 17.7% in retail chains.
The study highlights that these price increases are not confined to a single type of store, affecting neighborhood shops, online retailers, and large supermarket chains alike. However, the rate of increase was notably higher in neighborhood stores and online compared to larger retail chains, though still substantial in all channels.
The most striking finding is the acceleration of price hikes, with the last four years showing an increase almost five times greater than the previous four-year period. This indicates a significant and accelerating trend in the cost of essential food items.
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