Second time: Egg prices will jump in two weeks by 15.9%

The price increases in the food market do not stop and this time under the auspices of the state. Egg prices will jump in two weeks by 15.9%. This is only half a year after egg prices rose by 6.5%. The jump in price was recorded following the entry into force of the professional update mechanism in the industry. The price increase of about NIS 2 will lead to the price of a pack of 12 eggs (XL) for the consumer rising to NIS 15.

As a reminder, even before the increase in price last July, the prices of eggs also increased in January 2019. According to the new mechanism, the rate of change in the price of eggs will be examined every quarter, by placing the input indices and formulas defined in the decree, and the price will be updated accordingly, up or down, at the earliest every six months . In order for the price to be updated, up or down, a price change of more than 3% (in relation to the previous update) in six months or a change of more than 1% per year is required.