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Israel Hit by Price Hikes
The newspaper *Israel Hayom* predicted that the cost of living in Israel would rise after U.S. President Donald Trump halted military aid estimated at around $4 billion, as the defense budget expands and Benjamin Netanyahu decides to forgo the assistance. Expected increases include electricity, water, fuel, public transport and food, while municipal property tax is set to rise by at least 3%—equivalent to 200 to 400 shekels per household per year. A rise in the dollar could also increase the cost of imported food, while the interim government is struggling to stop automatic increases or intervene in prices.
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