Consumer


Tariffs on Personal Products to Be Reduced

The Health, Economy and Finance Ministries have agreed on a plan that will significantly reduce tariffs on makeup, personal care and beauty products. The new regulations have been presented to…

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Rami Levi: I Welcome Competition From Walmart

A delegation from Walmart is expected in Israel in the coming weeks to examine the possibility of opening stores here, a report in Globes said last week. But discount supermarket…

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U.S. Consumer Spending Up 0.4 Percent in December

Americans increased their spending 0.4 percent in December, a solid pace but slower than the big spending burst seen in November. The Commerce Department said Monday the spending gain followed…

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Consumer Price Index Falls in November

The Consumer Price Index fell 0.3 percent in November over the previous month’s levels, the Central Bureau of Statistics said. Economists had expected the CPI to fall, but by a…

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Report: Cofix to Roll Back Coffee Prices to NIS 5

Once the darling of Israeli bargain hunting diners, Cofix has gone from a profit-making enterprise to one that is losing money – and to bring back customers who have abandoned…

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New Rules Make it Easier to Cancel Purchases

New rules by the state Consumer Protection Agency will make it easier for Israelis to get out of purchases or deals that they would like to withdraw from. In cases…

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Consumer Confidence Rises, Hits Highest Level Since 2000

American consumers are feeling confident as the year-end shopping season approaches. The Conference Board said Tuesday that its consumer confidence index hit 129.5 this month, up from 126.2 in October…

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Who’s the Boss Come Monday at Consumer Agency?

Who’s the boss? That’s the awkward question after the departing head of a government agency charged with looking after consumer rights appointed a deputy to temporarily fill his spot. The…

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Israelis Dealing With Major ‘Krembo’ Shortage

Where did all the “Krembos” go? That is a question thousands of Israelis who enjoy the sugary, cream-filled chocolate shell-covered candy puffs have been asking, as the product they seek…

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U.S. Consumer Spending Grows at Fastest Pace Since 2009

U.S. consumer spending recorded its biggest increase in more than eight years in September, likely as households in Texas and Florida replaced flood-damaged motor vehicles, but underlying inflation remained muted.…

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Law to Halt ‘Phony Sales’ Ready for Legislation

The Knesset Economics Committee is preparing for its second and third reading a bill that would prevent retail stores from advertising “sales” that really are not. The law was proposed…

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Gov’t to Increase Olive Oil Imports

The government has announced that it will increase the amount of olive oil that can be imported without duty. Over the next three years, as much as 2,000 tons of…

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