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BREAKING
Sheikh Qassem: We, our allies, the honorable in our nation, our people, and our army will never accept being subservient to the US or 'Israel'
Sheikh Qassem: They must despair, for whatever they do, this people cannot be defeated or broken, and we shall neither fall nor yield
Sheikh Qassem: Threats neither advance nor delay matters, yet the possibility of war or its absence exists because 'Israel' and the US are weighing their options
Sheikh Qassem: All these threats are simply a form of political pressure after a whole year of efforts proved ineffective
Sheikh Qassem: 'Israel's' 'servants' in Lebanon are few, but they cause problems by obstructing the country’s stability, growth, and liberation alongside the US and 'Israel'
Sheikh Qassem: Weapons block 'Israel’s' project, and anyone seeking disarmament plays into 'Israel’s' hands
Sheikh Qassem: The agreement came because we held fast, empowered by our vision, our faith, our will, our people, our patriotism, and our unwavering attachment to our land
Sheikh Qassem: People of Might Battle was a confrontation by a modest force, incomparable to the enemy's strength, but it was noble in spirit, brimming with courage, resolve, and unwavering faith in victory
Sheikh Qassem: Today, Lebanon is under an Israeli aerial occupation
Sheikh Qassem: The project of "Israel" came crashing into the defenses of the People of Might Battle

Israeli price hikes highlight long-term issues plaguing economy

  • By Al Mayadeen Net
  • Source: Israeli Media
  • 8 Jan 2022 13:43
2 Min Read

"Israel" has one of the highest income inequalities in the OECD, and planned price increases will only enlarge the gap.

  • x
  • Israel's poverty rate is the OECD's highest at 21 percent
    "Israel's" poverty rate is the OECD's highest at 21 percent

Osem, one of "Israel's" largest food producers, recently informed supermarkets in the occupied territories that it will increase its prices by an average of 5% starting February.

The move drew widespread condemnation in "Israel", where Osem, which is owned by Swiss multinational company Nestlé, is a household name, with some calling for 'boycotting' the company. If Osem succeeds, other companies are sure to follow suit, as all companies have seen their profit margins dwindling amidst the rising costs of raw materials, packaging, energy, and transportation.

Israelis living in the occupied territories have also had to contend with rising water, electricity and fuel prices, as the costs of living increased in recent years. The Economist ranked "Tel Aviv" as the world's most expensive city in 2021.

Inequality has been further pronounced in "Israel" over the past few years, with reasons ranging from the appreciation of the shekel, which makes the local cost of products and services higher in comparison to the dollar, and makes low-income families suffer more, with 20% of their monthly budget being allocated toward food.

About a fifth of Israelis were living in poverty, according to official numbers. The numbers also included data on food insecurity, with close to 43% of the Arab population living under Israeli occupation saying they suffer from food insecurity. The number is also close to the percentage of the Arab population living in poverty under the occupation.

The reason for the occupation's failures goes back to low spending on social programs and benefits. The Israelis also have other problems, such as encouraging women to enter the workforce, which prevents families from making ends meet.

  • Israel
  • Israeli occupation
  • inequality
  • Poverty
  • Price Hikes

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