Report: Price Levels Consistently Up
Excess price levels in Israel have been consistently higher than in all other OECD countries over the past fifteen years according to the Taub Center's "A Picture of the Nation Report" which provides a statistical analysis of Israeli society and the Israeli economy.
- Gabi Tzav
- ט"ז אייר התשע"ו
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Excess price levels in Israel have been consistently higher than in all other OECD countries over the past fifteen years according to the Taub Center's "A Picture of the Nation Report" which provides a statistical analysis of Israeli society and the Israeli economy. The report finds that a similar result is obtained (that is of price levels in Israel out of line with incomes) even if a shorter or a longer period is examined.
Prices of food, housing and home maintenance have risen very steeply, while there have been modest price increases or even decreases in other industries, like clothing and footwear, furnishings and household goods.
The report attributes this mainly to the “dearth of exporters for the majority of industries in the local market, and the limited number of importers in many industries due to strict policies in this area.”
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