Due to the Yemeni blockade, the “Tsunami of Price Hikes” hits the Israeli entity

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Israel is witnessing an increasing wave of price hikes, with more companies announcing new increases, amid what Israeli officials have described as a “tsunami of inflation.”

Follow-ups – Al-Khabar Al-Yemeni:

According to the newspaper “Yedioth Ahronoth,” the naval blockade imposed by the Sanaa forces on Israel is one of the factors that contributed to this crisis.

The “Premium” company, the official agent for “Ferrero” products in Israel, announced an increase in prices of up to 9% starting from April, after previous increases of 7% in January and 6% in May 2024, citing rising production costs and taxes.

The wave of inflation has expanded to include famous coffee and restaurant chains such as “Benedict,” “Aroma,” and “Burger King,” which have raised prices by up to 26%, while McDonald’s has raised prices by 17% and canceled its discounts for Israeli army soldiers.

Recent Hebrew reports indicate that these increases far exceed the rate of increase in value-added tax and government taxes.

The newspaper “Globes” quoted the chairman of the Manufacturers’ Association, Ron Tomer, as saying that the naval blockade has doubled the shipping costs from China, exacerbating the crisis and raising import prices to an unprecedented degree.

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