Israel named OECD country with highest cost of living in 2022 - I24NEWS

Israel was named the OECD country with the highest cost of living in 2022, with prices 38 percent higher than the average for OECD countries. However, in a more recent monthly study, Israel fell to fourth place in terms of the cost of living.

i24news.tv

Relevant topic timeline:

8/27/2023

Israel tops OECD's most expensive countries to live in

Israel's high cost of living, which surpassed Switzerland, can be attributed to the balance of payments and influx of foreign currency in the high-tech sector, according to a Hebrew University expert.

8/27/2023

Israel had highest cost of living in OECD in 2022

Israel has the highest cost of living among all OECD nations, but the comparison to the OECD average is misleading due to the strengthening of the shekel, and next year's numbers are likely to look better due to the shekel's devaluation, which will make prices appear lower in international currencies. The real issue lies in the affordability of consumption baskets relative to median incomes and the neglect of vital infrastructure, such as education and transportation, which contribute to low incomes and high prices. The State Comptroller report highlights the escalating cost of living in crucial sectors like the dairy industry and the real estate market, with significant price increases and housing shortages.

9/6/2023

Treasury: Foreign investments in Israel plunged 60% in 1st quarter this year

Foreign investment in Israel has dropped by 60% in the first quarter of 2023 compared to the average quarterly figures in 2020 and 2022, with a decline in both the number of transactions and investors, attributed to tech layoffs, a decline in valuations of US tech companies, and investor concerns over the proposed judicial overhaul.

9/15/2023

Israeli Inflation Rises Again in August, Prompting Concerns Over Judicial Changes

Israel's annual inflation increased to 4.1% in August, surpassing the central bank's target range of 1%-3%, as consumer prices rose by 0.5%, driven by increases in the cost of fresh vegetables, culture and entertainment, transportation, and housing.

Topics

Posted 8/27/2023, 7:00:50 AM

Israel named OECD country with highest cost of living in 2022 - I24NEWS

i24news.tv

Relevant topic timeline:

8/27/2023

Israel tops OECD's most expensive countries to live in

8/27/2023

Israel had highest cost of living in OECD in 2022

9/6/2023

Treasury: Foreign investments in Israel plunged 60% in 1st quarter this year

9/15/2023

Israeli Inflation Rises Again in August, Prompting Concerns Over Judicial Changes