Get ready to pay more for food too, analysts warn

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08.02.2011                     04.Adar l, 5771

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Get ready to pay more for food too, analysts warn

The giant chain Super-Sol, which is Israel's biggest retailer, is converting all its Super-Sol Big hypermarket stores into discount Super-Sol Deal branches; that should also have an impact on food prices in Israel this year.

Agricultural commodity prices have been soaring for months and inevitably, that means food prices in Israel will be climbing, warns Ayelet Nir, chief economist at the Tel Aviv-based brokerage IBI….