Prime Minister Naftali Bennett at the start of the weekly Cabinet meeting Sunday referred to the cost of living and the wave of price increases, and said that within a few days, measures to curb inflation will be presented.

"In the coming days, we will present to the public a series of measures designed to alleviate the cost of living in the country. I hope it will soon have effect, especially in food prices. These are things that will have an immediate effect. Several containment measures have already been taken on the issues of the marketing chains and importers, and I would like to commend the Minister of Finance and the Minister of Economy for that," Bennett began.

He said, "Although global price increases are hitting Israel relatively moderately compared to other countries, we still feel it, because it affects prices that are already high in the first place. I am glad to see that the public understands the importance of wise and critical consumerism. But at the same time, we as a government are already opening up barriers, and increasing competition."

"In the end, what lowers prices and improves service is always the same thing - competition, competition, competition. Here I want to turn to government ministries - we need to ease regulation and open the economy to competition. Do not be afraid, be bold. A good standard for Germans or Swedes, probably good enough for Israelis as well. A 150% difference in the price of toothpaste, for example, is not justified. I remember that as Minister of Economy I lowered the price of yellow cheese. How? I opened the cheese market for import and competition, yellow cheese came in from Poland and also lowered the price of Israeli cheeses.... Read More: Arutz-7