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BREAKING
Al-Rashq: 'Israel' is fabricating pretexts to evade the agreement and return to a war of extermination, and it is the one that violates the agreement daily and systematically
Al-Rashq: We demand that mediators and the US administration pressure 'Israel' to reveal the identity of the gunman it claims Hamas sent
Hamas political bureau member Izzat al-Rashq: Reports published by Israeli sources regarding Hamas informing Witkoff that the agreement has ended are false
Al-Dali: Various Palestinian factions will participate in these important national meetings
Al-Dali: The visit carries important implications, and this is proof that Hamas attaches particular importance to this visit, given the sensitivity of the current stage
Al-Dali: The goal is to coordinate positions with Arab countries and strengthen the Palestinian national position in the face of Israeli plans
Al-Dali: A Hamas leadership delegation, headed by Khalil al-Hayya, will arrive in Cairo within the next few hours
Al-Dali: The occupation does not want to withdraw from the points it has under occupation and wants to continue its incursions according to its interests
Hani al-Dali, the expert on Palestinian Resistance affairs, to Al Mayadeen: There are military and ideological goals that the occupation wants to achieve within the framework of the "Greater Israel" project
Al Mayadeen's correspondent in South Lebanon: An Israeli drone attacked a car on a side road between Majdal Selm and Shaqra

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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