Cost of food in Palestine decreased 3.41 percent in May of 2020 over the same month in the previous year.
Food Inflation in Palestine averaged 2.62 percent from 2008 until 2019, reaching an all time high of 21.48 percent in May of 2008 and a record low of -5.70 percent in October of 2016. This page provides the latest reported value for - Palestine Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Palestine Food Inflation - values, historical data and charts - was last updated on July of 2020.
Food Inflation in Palestine is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Palestine to stand at 3.50 in 12 months time. In the long-term, the Palestine Food Inflation is projected to trend around 3.50 percent in 2021, according to our econometric models.