“Extricating Israel from its crisis” was the title of the economic plan presented on Aug. 3 by opposition leader and former Prime Minister Benjamin Netanyahu. He was pointing to a series of charts on the screen behind him, like a lecturing economics professor. Netanyahu, gearing up for the Nov. 1 elections that could return him to power, took advantage of the steep rise in the cost of living in recent months to lash out at the government of caretaker Prime Minister Yair Lapid and present an alternative.
Reports at the end of June signaled that the price of gasoline was fast approaching its all-time record high of NIS 8.25 per liter one decade ago. Last month, Israel’s Central Bureau of Statistics announced that housing prices continued to rise to record levels, jumping 15.9% over the past year. And there are other examples.
