Supermarket Price Hikes Nearly Five Times Faster in Last Four Years, Study Finds
Summarized from The Times of Israel by baba
A Tel Aviv University study reveals that food prices in Israel have risen nearly five times faster in the last four years than in the previous four. Researchers suggest supermarket chains exploited the nation's focus on the war that began in October 2023, alongside VAT increases and taxes, to drive up costs. The study found significant price hikes across major retail chains, with neighborhood stores seeing the steepest increases. Professor Itai Ater stated that government action is crucial to lower prices, warning that consumers will continue to pay more without intervention.
The story in 6 lines · by baba
- Food prices rose nearly five times faster in the last four years than the previous four, according to Tel Aviv University research.
- Researchers suggest retail chains exploited the nation's focus on the war to increase prices, alongside VAT and tax hikes.
- Neighborhood stores saw the largest price increases, with a 19.6% rise in the cost of a basket of popular products.
- Shufersal Deal experienced the highest price hike among studied chains at 22.7% over the past four years.
- Professor Itai Ater stated that government action is necessary to curb and lower food prices.
- Low-income families are disproportionately affected by the rising cost of living, the study warns.
The Times of Israel publishes in English. The key points are summarized above. Read The Times of Israel’s full report from the link at the top of the page.
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