In response to a public outcry over coordinated price hikes across a series of living costs, Israeli Prime Minister Benjamin Netanyahu said on Wednesday that electricity prices in the new year will be raised less than the 8 percent, which had been previously announced.
“I do not know how much it will rise, but a few percent in the worst case,” said Netanyahu at a business conference.
Also on Wednesday, Israel’s third-largest food producer, Osem, said it will postpone a 4.5 percent price hike in response to public pressure and a request from Finance Minister Moshe Kahlon.
Additional hikes in the consumer price index are expected to be a 4.5 percent increase in water prices, a 3.4 percent rise in the price of dairy products, a 7 percent rise in car insurance, 10 percent higher prices on toilet paper, and a 10 percent to 15 percent hike in phone plan costs.
