Palestine’s annual inflation rate eased for a second straight month to 4.09% in December of 2022, following a 4.3% gain in the previous month, as prices rose at a softer pace for transport (4% vs 4.3%), information & communication (2.9% vs 3.6%), recreation & culture (4.8% vs 10.6%), restaurants & accommodation services (8.9% vs 11.6%) and education services (4.5% vs 5.4%). On the other hand, inflation increased for housing & utilities (4.8% vs 4%), furnishings household equipment & routine household maintenance (1.9% vs 1.5%), food & non-alcoholic beverages (6.9% vs 6.3%) and alcoholic beverages & tobacco (4.1% vs 4%). On a monthly basis, consumer prices rose by 0.01%, after a 0.36% decline in the previous month. source: Palestinian Central Bureau of Statistics
Inflation Rate in Palestine averaged 2.93 percent from 1998 until 2022, reaching an all time high of 15.08 percent in July of 2008 and a record low of -2.42 percent in August of 2020. This page provides the latest reported value for - Palestine Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Palestine Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Inflation Rate in Palestine is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Palestine Inflation Rate is projected to trend around 1.00 percent in 2024, according to our econometric models.