Tuesday, February 08, 2011

Bread Riots in Israel?

Israeli Hebrew press is inciting to a food riot, saying that prices have rised and people goes hungry. The price of bread is cheaper in the Palestinian territories, it is almost free there. The price of gas is very expensive in Israel, I am paying 7 shekel per liter, that is, almost 8 dollars per gallon. The government says that world prices have risen, which is true. According to Krugman, bread prices have changed because of the harvest failure in Russia and Ucraine, caused by global climate change, and recent Chinese purchases for animal feeds.

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