Strauss to Raise Prices of Snacks, Dairy Foods by 2.9%

Leading Israeli manufacturer Strauss announced Thursday that it will raise the price of several of its products on Dec. 19, raising the average cost of all their products by 2.9%. Directly affected products will include dairy products, dips, salty snacks and sweets.

Strauss noted its attempts to prevent the increase, stating that the decision was made “after 12 years in which it avoided raising prices in Israel, and after significant efficiency measures.”

Strauss stated that the increase in price comes “following a tens of percent increase in the prices of raw materials, energy, packaging and other [resources], the extent of which is estimated to have an impact of approximately NIS 300 million.”