According to the new price chart, the price of white and dark bread will rise from NIS 4.92 to NIS 5.24 ($1.23 to $1.31); the price of sliced bread will rise from NIS 7.38 to NIS 7.87 ($1.85 to $1.97) and the price of hallah will rise from NIS 6.56 to 6.99 ($1.64 to $1.75).
According to the World Bank,
wheat prices have doubled since June, following the drought in the United States, but they are still 23% lower than their record high.
The drought has also hit soy and corn crops, creating a 45% spike in corn prices and a 30% increase in soy prices.
Following the announcement, Israel's
major food chains – Supersal, Mega and Rami Levi – announced they will not raise prices before Rosh Hashana.