Prime Minister Naftali Bennett, Finance Minister Avigdor Liberman and Economy Minister Orna Barbivay plan to give a press conference at 8 p.m. to present their plan to lower the cost of living.
In recent weeks a series of Israeli producers and importers announced plans to hike prices on basic products, though many of them delayed or scrapped their plans following public outrage and government pressure.
At Sunday’s cabinet meeting, Bennett said, “Beyond any short-term actions that can be taken, the solution lies in identifying those spaces where competition does not exist and creating competition within them. This will require all ministers of the government. We need to ease regulation and open up the market to competition.”