Supermarket shopping cart groceries food jeans 390.
(photo credit: Thinkstock/Imagebank)
The proceeds of large food retailers increased 0.6 percent in the May-July
period, down from 3.2% growth in the previous three-month period, the Central
Bureau of Statistics reported Thursday.
Retail chains’ proceeds increased
2% in May-July, compared to a 4.9% increase in February-April. The statistics
bureau defines a chain store as any business with more than three stores that
sells a variety of products, including food.
The statistics bureau
released its data against a backdrop of continuing consumer discontent over the
high cost of living, especially the cost of food.
Last week, the
Agriculture Ministry forecast that egg, milk and poultry prices will rise by up
to 17% by the end of this year, mainly due to a prolonged drought in the United
States that has triggered a rise in the cost of agricultural
At the same time, the Industry, Trade and Labor Ministry
raised the price of government- supervised bread by 6.53%.
supermarket chains and food manufacturers have been the targets of consumer
campaigns over the past 14 months. Protests over the cost of living were sparked
in June last year when tens of thousands of Facebook users promised to boycott
cottage cheese produced by Israeli manufacturers.