The price of food in Israel has dropped 5% in the past two years, the OECD (Organization for Economic Cooperation and Development) reports. Reasons include a 1% cut in VAT, 3.5% cut in corporate taxes and higher caps for food imports, especially fresh beef. Salaries rose 3% in this period.
http://www.israelhayom.com/2018/03/28/food-prices-in-israel-down-5-oecd-reports/