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cost of living

Prime Minister Benjamin Netanyahu, with Finance Minister Bezalel Smotrich at his side, and other coalition ministers and MKs celebrate the passage of the state budget in the Knesset, May 23, 2023. (Yonatan Sindel/Flash90)
Sharon Wrobel
Analysis
Sharon Wrobel
Netanyahu’s fat man, thin man and the burden of the new state budget
As more funds are funnelled to the ultra-Orthodox community, other budgets for investment in high-tech are reduced; reforms for tackling high cost of living are suffering
Illustrative: People shop at a Rami Levy supermarket in Jerusalem, on February 3, 2022. (Yonatan Sindel/Flash90)
Rami Levy seeking deal with international supermarket chain for discounted products
By Sharon Wrobel
Eshkol power plant, Israel's largest natural gas powered plant, near the port of Ashdod. (Courtesy)
Israel Electric sells Eshkol power plant to private group for over NIS 12 billion
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, on January 7, 2019. (Noam Revkin Fenton/Flash90)
Bank of Israel head urges lenders to pay fair interest on deposits, current accounts
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, on January 7, 2019. (Noam Revkin Fenton/Flash90)
June 20, 2023, 5:08 pm
Bank of Israel head urges lenders to pay fair interest on deposits, current accounts
Central bank chief instructs banks to fully pass on interest rates to deposit holders and come up with a plan to pay interest on the billions of shekels sitting in current accounts
By Sharon Wrobel
Eshkol power plant, Israel's largest natural gas powered plant, near the port of Ashdod. (Courtesy)
June 18, 2023, 1:49 pm
Israel Electric sells Eshkol power plant to private group for over NIS 12 billion
Sale of power plant is part of electricity sector reform to boost competition; Energy Minister Katz says part of proceeds will be used to lower electricity prices
By Sharon Wrobel
Illustrative: People shop at a Rami Levy supermarket in Jerusalem, on February 3, 2022. (Yonatan Sindel/Flash90)
June 13, 2023, 5:38 pm
Rami Levy seeking deal with international supermarket chain for discounted products
Rami Levy says it’s in talks with global retailers, including French groups Auchan and Casino and Dutch-owned SPAR
By Sharon Wrobel
A general view shows Tel Aviv-Jaffa as the sun rises, June 5, 2023. (Omer Fichman/Flash90)
June 7, 2023, 3:37 pm
Tel Aviv ranked eighth most expensive city in the world for foreigners
ECA International annual list moves Israeli city down from sixth place in 2022; New York takes top spot due to high rental costs and inflation
By ToI Staff
Prime Minister Benjamin Netanyahu (second left) heads a committee meeting of ministers and government officials to tackle the cost of living in Jerusalem, June 5, 2023. (Kobi Gideon/GPO)
June 5, 2023, 5:27 pm
Key ministers absent as panel on high cost of living holds first meet
Netanyahu vows fight against soaring costs, says Israel doesn’t have to be doomed to bear burden of higher-than-average prices; Smotrich, Barkat and Arbel not there to hear it
By ToI Staff
File: Prime Minister Benjamin Netanyahu (right) with Communications Minister Shlomo Karhi at the plenum hall of the Knesset, in Jerusalem, on May 1, 2023. (Yonatan Sindel/Flash90)
June 5, 2023, 1:49 pm
Likud minister slams ‘out of touch, elitist’ Smotrich over soaring cost of living
In scathing broadside, Netanyahu ally Shlomo Karhi pans government’s daycare subsidies for working parents as only benefiting rich people, says he’s lost faith in finance minister
By ToI Staff
Rachel Gur, director of public policy at Lobby 99, the public lobby. (Courtesy)
June 2, 2023, 6:39 am
What Matters Now to lobbyist Rachel Gur: Why Israel is so #₪@$! expensive
Monopoly isn’t just a board game for Lobby 99’s director of public policy. This week, we hear how a mere handful of powerful companies control prices in almost every sector
By Amanda Borschel-Dan
Prime Minister Benjamin Netanyahu leads the weekly cabinet meeting in Jerusalem on May 28, 2023. (Yonatan Sindel/Flash90)
May 28, 2023, 4:29 pm
Amid rising prices and criticism, Netanyahu announces panel to tackle cost of living
PM declares establishment of committee but doesn’t specify what steps will be taken to help Israelis make ends meet
By ToI Staff
Prime Minister Benjamin Netanyahu, with Finance Minister Bezalel Smotrich at his side, and other coalition ministers and MKs celebrate the passage of the state budget in the Knesset, May 23, 2023. (Yonatan Sindel/Flash90)
May 24, 2023, 11:13 pm
Netanyahu’s fat man, thin man and the burden of the new state budget
As more funds are funnelled to the ultra-Orthodox community, other budgets for investment in high-tech are reduced; reforms for tackling high cost of living are suffering
By Sharon Wrobel
UTJ MK and Deputy Knesset Speaker Yisrael Eichler (right) during a vote in the Knesset, in Jerusalem, on December 28, 2022. (Olivier Fitoussi/Flash90)
May 22, 2023, 12:33 pm
UTJ MK: ‘The government is not in our hands,’ Bank of Israel chief should quit
Yisrael Eichler says government power rests in hands of deep state and bureaucrats, who he compares to Russia’s Putin; blasts failure of interest rate hikes to bring down inflation
By ToI Staff
View of the Strauss Elite candy factory in Nof Hagalil, northern Israel, April 28, 2022. (David Cohen/FLASH90)
May 15, 2023, 3:44 pm
Strauss announces price hikes of up to 6% on coffee, snacks and olive oil
Firm says increase needed to deal with rising costs of raw materials and predicted jumps in production costs in coming months
By ToI Staff
TOI senior analyst Haviv Rettig Gur. (Courtesy)
May 12, 2023, 6:51 am
What Matters Now to ToI analyst Haviv Rettig Gur: The political perils of conflict
After the Gaza conflict ends, PM Netanyahu faces another battle — to pass the budget. Once he does, we will learn his true stance on the judicial overhaul
By Amanda Borschel-Dan
The opening of the Ra'anana branch of French supermarket chain Carrefour, attended by Carrefour Israel CEO Uri Kilstein and Patrick Lasfargues, president of Carrefour's international division, May 9, 2023. (Courtesy)
May 9, 2023, 4:56 pm
French retail chain Carrefour opens 50 stores across Israel, vowing to disrupt prices
Basket of goods of Carrefour-branded goods is 60% cheaper versus basket of comparable goods by local competitors, according to retailer; analyst sees prices continuing to rise
By Sharon Wrobel
Outside view of a Carrefour store Aug. 25, 2010 in Ecully, near Lyon, central France (AP Photo/Thomas Campagne)
May 3, 2023, 11:20 pm
Carrefour to open dozens of supermarkets in Israel next week, vowing to tackle costs
Some 50 stores to launch on Tuesday, with 100 more planned to open by year’s end, as Israelis grapple with price hikes
By ToI Staff
Cheese production at the Tnuva Tel Yosef dairy plant, December 21, 2015 (Yossi Zeliger/FLASH90)
May 2, 2023, 1:06 pm
Tnuva announces price hikes on unregulated dairy products in fresh blow to consumers
Food giant says costs to rise by average of 4.65%, with some to increase by over 9%; announcement comes with prices of regulated dairy products already set to soar
By ToI Staff
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