Aleph Farms still has to receive approval for its production line with procedures expected to be completed in the coming months so that the products will be available by mid-2024.
Although annual inflation has come within the target range, analysts say other factors will also influence the Bank of Israel's forthcoming interest rate decision.
With Palestinians barred from Israel, the construction industry is short of 100,000 workers, and plans to bring in foreign workers have yet to materialize.