Land of milk, honey but expensive pasta
The Industry and Trade Ministry has prepared a report that found pasta products and Gillette razor blades are substantially more expensive in Israel than in other Western countries. In contrast, the review of monopoly prices found that Coca Cola and mayonnaise cost less here than overseas.
The report examined the prices of four products whose suppliers have been declared monopolies to parallel products in the 29 members of the OECD in order to measure the monopolies' impact on household consumption.
A joint Trade Ministry and Antitrust Commission team conducted the review to determine what steps must be taken to balance Israel consumer prices with those in other Western countries.
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