Israeli food prices 19% higher than OECD average

Salaries in Israel have on average risen 3% over the past two years.

April 3, 2018 14:27
1 minute read.
Israeli food prices 19% higher than OECD average

A woman shops at a supermarket in Jerusalem June 19, 2016. . (photo credit: REUTERS/Ronen Zvulun)


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 analysis 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


(Tribune News Service) - Last week Israel's Ministry of Economy and Industry reported that according to the OECD, food prices in the country fell 5% between October 2015 and December 2017, while over the same period there was a rise in food prices in the OECD as a whole. The Ministry of Economy and Industry, however, also stated that Israeli food prices are still 19% higher than the OECD average.

The Ministry of Economy and Industry underlined the news about the fall in prices with the fact that that salaries in Israel have on average risen 3% over the past two years.

Minister of Economy and Industry Eli Cohen was quick to take credit for the price fall on behalf of the government. He said, "The OECD figures are a testimony to the success of government policies in the war against the cost of living and reflect the range of actions by the government and the Ministry of Economy and Industry. Easing regulations, cutting taxes and duties, opening the market to parallel imports, breaking monopolies and overcoming obstacles in regulation are some of the measures taken in the past year by the ministry and the aim is to continue this trend in order to increase the range of products, improve competitiveness and continue to lead in lowering prices."

Many financial analysts and sources in the retail industry expressed surprise at these figures. Indeed the actual OECD report said that between 2014 and 2017 food prices in Israel fell 1.2%. The 5% fall cited by the Ministry of Economy and Industry, also it seems takes into account the rise in prices in OECD countries.

Moreover, the OECD's figures are taken from Israel's Central Bureau of Statistics figures, which in the past "Globes" has found do not always agree with Israeli price databanks.

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018. Distributed by Tribune Content Agency, LLC.

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

San Francisco
June 24, 2019
Culinary celebration to take place in Herzliya


Cookie Settings