Consumer Appliances in Israel - New Market Study Published
The rise in VAT (value-added tax) from 16% to 17% in 2012 had a major impact on almost all product types. Housing, electricity and food prices grew accordingly, hurting mainly middle-income consumers. The prices of some consumer appliances increased, further discouraging consumers from spending on such products, due to high electricity and water prices. Many consumers tried to purchase appliances that offered savings on food and beverages, such as coffee machines and various small cooking...
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