Is Israel The Most Expensive Country To Live In ... In The World?!
Channel: Daniel Rosehill
Date: 2023-08-29

Startling new data released by the Organisation For Economic Cooperation and Development (OECD) last week has shown that the price level index in Israel is 38% higher than the OECD average and the highest in the entire Organisation which consists of 38 mostly developed member states.

The metric aims to allow comparison between different consumer price index (CPI) baskets worldwide by comparing them as a ratio against market exchange rates. 

An Israeli economist at the Hebrew University criticised the findings claiming that the basket of goods used to compute cost of living baskets isn't internationally applicable while Ran Tomer of the Israeli Association of Manufacturers said that the finding merely proved that there remain fundamental problems about the organisation of Israel's economy including excessive rates of VAT on consumer goods and bureaucratic restrictions on imports.

== Timestamps ==

Intro - 00:00
The cost of living issue in Israel - 00:15
Tel Aviv expense - 00:35
Purchasing power in Israel - 00:54
About the OECD - 01:11
Israel OECD comparisons - 01:18
Israel price index - 01:38
Price level index calculation - 01:48
Comparing costs of living - 02:26

#costofliving #oecd #purchasingpower 

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By: Daniel Rosehill 

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