BREAKING NEWS

Products in Israel 15% more expensive than OECD average

By JPOST.COM STAFF

JANUARY 18, 2012 15:01

The price of consumer products in Israel is 15 percent higher than the average in OECD member countries, Army Radio reported on Wednesday, citing figures released by the Bank of Israel.

The prices in Israel are 20 percent higher when average income is taken into consideration, according to the report.

Dairy products, fish and soft drinks are among the most expensive products in Israel compared to other OECD states. Fruits and vegetables are slightly cheaper in Israel.

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