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.

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Palestine Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-14 08:00 AM Nov 4.3% 4.39% 4.6%
2023-01-12 08:00 AM Dec 4.09% 4.3% 4.5%
2023-02-14 08:00 AM Jan 4.09%


Related Last Previous Unit Reference
Inflation Rate 4.09 4.30 percent Dec 2022
Food Inflation 6.92 6.25 percent Dec 2022
CPI Transportation 105.99 105.31 points Dec 2022
Consumer Price Index CPI 106.94 106.93 points Dec 2022
Producer Prices Change 6.73 7.51 percent Nov 2022
Producer Prices 107.68 106.98 points Oct 2022

Palestine Inflation Rate
In Palestine, the most important categories in the Consumer Price Index are: Food & Non-alcoholic Beverages (28% of the total weight), Transport (14%) and Miscellaneous Goods & Services (13%). The index also includes: Housing, Water, Electricity, Gas & Other Fuels (9%), Alcoholic Beverages, Tobacco & Narcotics (5%), Communication (5.%), Clothing & Footwear (5%), Health (4%), Education (4%), Restaurants & Hotels (3%) and Recreation & Culture (2%).
Actual Previous Highest Lowest Dates Unit Frequency
4.09 4.30 15.08 -2.42 1998 - 2022 percent Monthly
2018=100

News Stream
Palestine Inflation Rate Eases in December
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.
2023-01-12
Palestine Inflation Rate Slightly Slows in November
Palestine’s annual inflation rate slightly eased to 4.3% in November of 2022, following a 4.4% rise in the previous month, as prices slowed for housing utilities (4% vs 4.3%), food & non-alcoholic beverages (6.3% vs 6.8%) and health (1.2% vs 2%). On the other hand, cost increased for recreation & culture (10.6% vs 8.7%), restaurants & accommodation services (11.6% vs 10.2%) and transport (4.3% vs 4.1%), while inflation was steady for education services (at 5.4%). On a monthly basis, consumer prices fell by 0.4%, after a 0.4% gain in the previous month.
2022-12-14
Palestinian Inflation Rate Continues to Rise
Palestine’s annual inflation rate increased to a four-month high of 4.39% in October of 2022, following a 4.04% rise in the previous month. Prices rose mainly for restaurants & accommodation services (10.23%), food & non-alcoholic beverages (6.79%), education services (5.43%), housing utilities (4.25%), and transport (4.11%). On a monthly basis, consumer prices were 0.42%, after increasing by 1.30% in the previous month.
2022-11-14