cost of living in israel

Price of electricity in Israel to rise 2.6% in February

As a result of the change, the average electricity bill will increase by about NIS 10 per month.

02/01/2024

Israelis will have to spend more when shopping abroad

The Finance Ministry seeks to scrap VAT exemption on overseas purchases, for a potential increase of NIS 3 billion in revenue; Israeli retailers welcome the move, but what about the citizens?

By LIAT RON/WALLA
25/12/2023

Israel’s economy saw only 0.1% growth in August, worrying report says

Here's a closer look at the key factors influencing the Israeli economy as highlighted in August’s Index.

Israel's economy expanded by 3.1% in second quarter of 2023

Expenditure on public consumption rose by 3.8% in the second quarter, while defense consumption fell by 1.5%.

Carrefour sticks price warnings on food to shame suppliers

Since Monday, Carrefour has marked 26 products in its stores in France with labels reading, "This product has seen its volume or weight fall and the effective price by the supplier rise."

By REUTERS
14/09/2023

Rising prices and financial struggles impact High Holy Days season

IFCJ launches aid operation to support needy families amid the High Holy Days.

Israel's shekel at weakest against US dollar since COVID pandemic - report

A report by City Index found that Israel's currency saw the biggest drop in strength against the US dollar since the COVID-19 pandemic began in 2020.

Israel had highest cost of living in OECD in 2022

In June of this year, Israel fell to fourth place behind Iceland, Ireland, and Switzerland.

Arab youth look to a future abroad: A growing trend of emigration from MENA

Nearly half of Arab youth in the Levant and North Africa want to leave their home countries in search of better opportunities and stability, according to a recent survey.

By DAOUD KUTTAB/THE MEDIA LINE
23/08/2023

Despite CPI rise by 0.3%, the future of Israel’s inflation is uncertain

While a potential slowdown in economic activity is expected, the notable wage increases and shekel devaluation are set to have serious repercussions on the Israeli inflation rate.

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