Demonstrations initiated by the populist Shor Party headed by US-sanctioned oligarch Ilan Shor, currently in exile in Israel, have rocked the country in recent months
Hours before announcement of agreement, central bank hikes key interest rates by 2%, implements more flexible exchange rate system, as Cairo commits to initiate reforms
Central bank chief says Israel's economy is strong, but suffers from range of challenges, including global slowdown, rising housing prices, and political uncertainty
Increase to affect range of products, including breakfast cereals and toiletries, starting November 1, but chocolate-coated marshmallow treat singled out for October price increase
Milk prices not allowed to rise again until at least May 2023 under deal; dairy board sought 14% hike, but was negotiated down in talks with treasury, Agriculture Ministry
July increase in consumer price index brings Israel’s yearly inflation rate to 5.2%, while jump in housing costs causes price to go up by 17.8%, the highest in over a decade
Diplomat -- which controls many brands including Starkist, Heinz and Skippy -- promises deal to supermarket chains that will put off increase in prices until October
Recent comments