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ISRAEL AT WAR - DAY 651

cost of living

Tel Aviv's cityscape. February 11, 2025. (Yossi Aloni/FLASH90)
July 7, 2025, 11:32 pm
Tel Aviv ranked 8th most expensive place to buy home in report on world’s key cities
Deutsche Bank says prices in city center jumped 110% since 2012; Tel Aviv ranked 28th for quality of life, 3rd most expensive city to buy car
By Michael Horovitz
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
Banking supervisor Daniel Hahiashvili speaks at a press conference in Tel Aviv on May 19, 2025. (Sharon Wrobel/Times of Israel)
May 19, 2025, 6:46 pm
Israeli regulator calls for more competition as large banks cash in on hefty loan fees
Banking supervisor seeks to remove barriers for the entry of non-bank entities that will provide credit and saving tools, force current lenders to offer better terms and services
By Sharon Wrobel
The redone bar area at Jerusalem's Jacko Street, one of the participating restaurants in the Israeli Culinary Festival, beginning March 27, 2024 (Courtesy)
May 16, 2025, 2:43 pm
Restaurants struggle as reservations plummet amid grueling war mood, rising cost of living
Online restaurant bookings have dropped by 30% this year, while high-end chef restaurants grapple with a steeper decline of more than 50%, according to online booking site
By Sharon Wrobel
Israelis barbecue in Jerusalem as Israel celebrates its 71st Independence Day on May 9, 2019. (Yonatan Sindel/Flash90)
April 30, 2025, 5:41 pm
Meat prices continue to soar as Israelis gear up for Independence Day barbecues
People lining up to buy meat to put on the grill are grappling with price rises due to scarce competition, as local reforms fail to bring down costs for consumers
By Sharon Wrobel
Construction in Ramat Gan, December 10, 2024 (Yossi Aloni FLASH90)
March 16, 2025, 2:51 pm
Israeli housing prices soar while pace of inflation slows, February data shows
Consumer Price Index remains unchanged but consumers feel the pinch as price of fresh fruit up by 10.5%, rent by 0.3%; however costs of vegetables dip by 7.1% and clothes by 3%
By ToI Staff
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
For illustration: Victory supermarket in Tel Aviv, November 19, 2019. (Miriam Alster/FLASH90)
February 19, 2025, 8:26 pm
Competition watchdog indicts three supermarket chains for price fixing
Victory, Yochananof, Super Bareket and their CEOs are charged with making illegal agreements to coordinate prices and promotions
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
Construction of new residential buildings on Allenby Street in Tel Aviv, May 21, 2023. (Miriam Alster/FLASH90)
August 6, 2024, 7:06 pm
Israel improves tax breaks for new immigrants to help first-time homebuyers
Tax changes seek to lower the costs for new immigrants on first-home purchases worth up to NIS 6 million, while cooling demand for investors to bring down housing prices
By Sharon Wrobel
Turkish President Recep Tayyip Erdogan speaks during a joint statement to the media in Baghdad, Iraq, April 22, 2024. (Ahmad Al-Rubaye/Pool via AP)
July 10, 2024, 7:22 pm
Reports: Prime Minister’s Office advancing embargo on Turkish imports
Officials warn move could prompt sanctions against Israel from World Trade Organization and lead to higher cost of living; PMO denies it plans total embargo
By ToI Staff
Illustrative: Products on shelves at a Carrefour Israel supermarket. (Courtesy)
July 4, 2024, 11:48 pm
Ministers approve reform to cut bureaucratic red tape surrounding imported goods
‘What’s good for Europe is good for Israel’ program to automatically approve products with European quality standards or certification without additional regulations, cutting costs
By Sharon Wrobel
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