Food prices surge as protests’ gains are lost

Sharp price hikes have been made on a wide range of products, including ketchup, Starkist Tuna, frozen Nile Perch fillets, mayonnaise.

January 3, 2012 06:02
1 minute read.
cottage cheese

cottage cheese 311 R. (photo credit: Marc Israel Sellem)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


The social protest has waned, the holidays are over and prices of some products on supermarket shelves have again skyrocketed, according to a Globes investigation at retailers.

For example, the price of Osem Investments Ltd.’s real powdered chicken soup has risen at least over 100% at Shufersal Ltd. discount chain Shufersal Deal, Alon Holdings Blue Square – Israel Ltd. chain Mega and Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.

Be the first to know - Join our Facebook page.

The differences in prices of products at various supermarkets also indicates the huge differences in their mark-ups.

Sharp price hikes have been made on a wide range of products, including ketchup, Starkist Tuna, frozen Nile Perch fillets, mayonnaise and mineral water and other beverages.

However, the prices for some products are the same across supermarkets. For example, the price for Snowfrost frozen garden peas and corn is NIS 17 at all the supermarkets.

The Jewish New Year and Sukkot occurred at the height of the cottage cheese boycott and protests against high prices, and consumer demand fell. Retailers and manufacturers both realized that to maintain sales levels, they would have to make deeper price cuts. Price cuts at both Rami Levy and Shufersal hit their gross profits for the third quarter of 2011. Blue Square’s gross profit actually rose, possibly indicating the chain did not itself finance the reduction in consumer prices.

All the supermarket chains saw a sharp drop in profits, although this was not due to lower prices at Blue Square.


Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection