In order to freeze the price increase, Israeli law requires the approval of the finance and health ministers, as well as the ratification of the Health Committee.
We can only hope that the prime minister and his new committee will use this opportunity to focus on seriously tackling the issue that clearly tops the national agenda for most Israelis.
According to the CEO of Milk Producers Association, the dairy shortage isn’t connected to the rising costs, and should be temporary.
Opposition MKs say that such a committee already exists and hasn't been convened since the government's formation in December.
The increases are the latest in a series of recent price hikes.
Israel's aggressive policy-tightening cycle has sparked anger among its citizens as mortgage, loan payments and the cost of living have soared, with inflation staying around 5%.
60% of Israelis polled blame the government for egregious living costs. Also of concern to respondents were judicial system reforms and national security.
The government wants to see if companies are raising prices unfairly and contributing to the rising cost of living in Israel.
A series of Israeli companies and importers have announced significant price hikes in recent weeks.
Local Authorities in Israel announced on Sunday that it was going to cease providing municipal services until the Fund is removed from the Economic Arrangements Bill.
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