Soaring housing costs and steep food prices are the main drivers behind Israel’s high cost of living, which has overtaken even some of the wealthiest countries in Europe, according to a study by Reichman University’s Aaron Institute for Economic Policy.

“The cost of living in Israel is very expensive, and when you add the security situation and almost three years of war, it is not surprising that we are starting to see signs of emigration of quality human capital – meaning that more Israelis are leaving the country than are coming back,” Dr. Sarit Menahem-Carmi, a senior researcher at the Aaron Institute for Economic Policy at Reichman University told The Times of Israel.…