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ISRAEL AT WAR - DAY 653

consumer prices

A branch of Bank Leumi in central Jerusalem (Maxim Dinshtein/Flash90)
May 20, 2025, 10:53 pm
Major banks’ profits surge as they cash in on wartime credit and fee growth
As households and businesses grapple with high cost of living, rising mortgage rates, and growing credit and loan needs during war, Bank Hapoalim and Bank Leumi post big profits
By Sharon Wrobel
People withdraw money from a Bank Hapoalim ATM machine in Tel Aviv on December 9, 2024 (Miriam Alster/FLASH90)
March 5, 2025, 8:20 pm
Israeli banks rake in record profits as their war-battered customers drown in debt
Lack of competition, high interest rates and weak regulations have lenders notching record profits on the backs of households struggling to make ends meet during wartime
By Sharon Wrobel
Illustrative. A grocery shopper in the northern town of Katzrin, in the Golan Heights, on July 1, 2022. (Michael Giladi/Flash90)
February 20, 2025, 7:42 pm
Israel launches campaign to fine retail chains failing to display prices on products
Economy minister steps up enforcement of law mandating that supermarkets and retail chains show costs of items; calls on consumers to report retailers
By Sharon Wrobel
Buying vegetables at an Osher Ad store in Jerusalem, August 12 2021 (Sue Surkes/Times of Israel)
February 14, 2025, 4:57 pm
Israeli inflation jumps to 3.8% in January as VAT and utility costs rise
Consumer prices also increased last month as government tax hikes came into effect, upping the costs of food and other goods
By Sharon Wrobel
Illustrative: New Israeli shekel bills, September 24, 2023. (Hadar Youavian/Flash90)
December 31, 2024, 11:41 pm
Financial blows take effect on January 1, ushering in an expensive 2025 for Israelis
Tax hikes set to see paychecks shrink, while VAT, electricity, water and property tax rates are slated to rise
By Sharon Wrobel and ToI Staff
Illustrative: Ovens and other home related appliance or equipment in a retail store showroom. (Starush/iStock)
August 19, 2024, 2:03 pm
Reform intended to lower price of electronics in Israel goes into effect
First stage sees Energy Ministry cut out requirement for local certification of European-approved electronics; second stage will eliminate import restrictions for such appliances
By ToI Staff
Illustrative: Bread for sale at the Rami Levy supermarket in Jerusalem on July 17, 2022. (Yonatan Sindel/Flash90)
July 2, 2024, 9:42 am
Food and beverage prices in Israel are 52% higher than OECD average
Data shows consumer prices in Israel second only to South Korea among 38 developed countries; telecom prices are the only bright spot, at 30% cheaper than average
By ToI Staff
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)
May 27, 2024, 7:06 pm
Bank of Israel leaves lending rate at 4.5%, as inflation and war uncertainty ramp up
Central bank has kept rate steady since cutting it in January; says it expects the deficit to rise due to war costs, pushing the state to make budgetary cuts and raise taxes
By Sharon Wrobel
An illustrative photo showing chocolate bars made by Strauss Group. (Moshe Shai/Flash90)
January 15, 2024, 1:43 pm
Amid war, Strauss to hike prices of 25% of its products, lay off 150 employees
Strauss olive oil, chocolate bars, hummus and other items will cost more starting Feb. 1 to offset high costs of raw materials; layoffs won’t affect reservists and evacuees
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference in Jerusalem, on April 11, 2022. (Flash90/File)
September 4, 2023, 7:23 pm
Bank of Israel keeps interest rates unchanged, says cycle of jumps may not be over
As forecast, central bank leaves borrowing costs at 4.75%, but cautions about impact of shekel depreciation on inflation and the possibility of further rate hikes
By Sharon Wrobel
Illustrative: Products on shelves at a Carrefour Israel supermarket. (Courtesy)
August 27, 2023, 8:43 pm
Israel’s cost of living the highest among OECD countries in 2022, data shows
Cost of living index shows price levels in Israel last year were 38% higher on average than in member countries of the OECD
By Sharon Wrobel
File: People shop for dairy products at the Shufersal Deal supermarket in Katzrin, on November 28, 2022. (Michael Giladi/Flash90)
July 14, 2023, 4:57 pm
Consumer prices stay steady in June, in latest sign of easing inflation
Price drops on fresh produce, clothes and furniture outweigh hikes elsewhere, matching trends around the world as higher interest rates smother spending
By ToI Staff
A man shops for groceries at a Rami Levy supermarket in Jerusalem on February 3, 2022. (Yonatan Sindel/Flash90)
June 15, 2023, 9:48 pm
Israeli inflation lower than forecast in May, boosting odds of rate hike pause
Consumer price index surprises with lower-than-expected monthly figure of 0.2% versus analysts’ expectations of 0.5%-0.6%
By Sharon Wrobel
A shopping cart at the Rami Levy supermarket in Modiin on July 21, 2022. (Yossi Aloni/Flash90)
May 15, 2023, 10:02 pm
Israel consumer price index surprises with higher-than-expected April figure up 0.8%
Rise of almost double the forecast sets up Bank of Israel for another interest rate hike next week, as central bank battles inflationary pressure, economists say
By Sharon Wrobel
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
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