Food still costs more than in 2008

01.10.2011                      04.Cheschwan. 5772

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Food still costs more than in 2008

Manufacturers are raking it in, retail chains aren't, accuses Dror Strum.

Even after the price cuts announced by the country's major food manufacturers in response to public pressure in recent weeks, many foods still cost more than in 2008, The Marker has found.
Product prices of Israel's five biggest food companies – Tnuva, Strauss, Osem, the Central Bottling Company (Coca Cola Israel, which owns the Tara dairy company) and Unilever (which owns Telma) – remain tens of percent higher than in 2008. The price comparisons The Marker conducted are based on the prices the manufacturers charge retailers (before markups and VAT)….