Israel’s cost of living the highest among OECD countries in 2022, data shows – Cost of living index shows price levels in Israel last year were 38% higher on average than in member countries of the OECD | Timesofisrael

Israel ranked first place in a list of developed countries with the highest cost of living in 2022, data published Sunday by the Organization for Economic Cooperation and Development (OECD) showed.
In Israel, prices were 38 percent higher than the average in OECD member countries, according to the comparative index, which analyzes differences in the general price levels of countries as measured by consumer price indices and ratios of purchasing power parities to market exchange rates. In second place in the ranking table was Switzerland, closely followed by Iceland, then the US in fourth place.