Against the background of yesterday's report to the Central Bureau of Statistics about a decline in revenues, the Israel Consumer Council found another increase in prices (Photo: ShutterStock)
Today, the Israel Consumer Council publishes data on the food basket for May, which it examines among retail chains.
The May basket marks a "return to normal," or at least in the Israeli case: a return to the routine of the cost of living. This was after the chains' Shavuot sales ended, and prices rose.
According to the council, the holiday promotions prove that competition and promotions are a significant means of fighting the cost of living: "For the first time, Carrefour entered the comparison in various formats. It seems that Carrefour Market emerged as a discount chain in second place, and is already a generator of competition when it entered, when the difference between it and the cheap chain, Rami Levy, is small."
Carrefour: Discount branches increase competition and the price of the basket is close to that of Rami Levy. Carrefour-City, on the other hand, does not bring good news to those who wish to purchase food near home (Photo: Walla!
Carrefour: Strong at Discount, Weak at City
The Consumer Council added regarding Carrefour: "We hope that competition will lead to direct and unconditional price reductions. Carrefour's urban network is not a competition as a cheap alternative in residential neighborhoods. Carrefour in the City is much more expensive than its sister chain Bitan Market, contrary to expectations and the news of the launch."
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- Cost of Living
- Israel Consumer Council
- Consumer Council
- Price increase
