Palestine’s annual inflation rate declined to 3.86% in April of 2023 from March’s five-month high of 4.32%. It was the lowest inflation rate since January, with food prices rising the least in 16 months (1.8% vs 2.9% in March). Also, prices moderated for housing & utilities (2.6% vs 2.9%), transport (5.7% vs 6.8%), alcoholic beverages & tobacco (3.9% vs 4.1%), and information & communication (2.6% vs 2.8%). Meanwhile, prices continued to increase for recreation & culture (6.1% vs 4.7%), furnishings household equipment & routine household maintenance (1.3% vs 1.1%) and restaurants & accommodation services (6.9% vs 6.2%). On the other hand, education inflation was steady (at 5.5%). On a monthly basis, consumer prices were up by 0.63%, after a 1.3% rise in the previous month. source: Palestinian Central Bureau of Statistics

Inflation Rate in Palestine averaged 2.95 percent from 1998 until 2023, 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 June of 2023.

Inflation Rate in Palestine is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Palestine Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-04-13 08:00 AM Mar 4.32% 4.03% 2.5%
2023-05-14 09:00 AM Apr 3.86% 4.32% 4.2%
2023-06-14 08:00 AM May 3.86%


Related Last Previous Unit Reference
Inflation Rate 3.86 4.32 percent Apr 2023
Food Inflation 1.80 2.93 percent Apr 2023
CPI Transportation 110.13 110.24 points Apr 2023
Consumer Price Index CPI 110.37 109.68 points Apr 2023
Producer Prices Change 1.76 2.47 percent Mar 2023
Producer Prices 108.25 108.45 points Mar 2023

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
3.86 4.32 15.08 -2.42 1998 - 2023 percent Monthly
2018=100

News Stream
Palestine Inflation Rate at 3-Month Low of 3.86%
Palestine’s annual inflation rate declined to 3.86% in April of 2023 from March’s five-month high of 4.32%. It was the lowest inflation rate since January, with food prices rising the least in 16 months (1.8% vs 2.9% in March). Also, prices moderated for housing & utilities (2.6% vs 2.9%), transport (5.7% vs 6.8%), alcoholic beverages & tobacco (3.9% vs 4.1%), and information & communication (2.6% vs 2.8%). Meanwhile, prices continued to increase for recreation & culture (6.1% vs 4.7%), furnishings household equipment & routine household maintenance (1.3% vs 1.1%) and restaurants & accommodation services (6.9% vs 6.2%). On the other hand, education inflation was steady (at 5.5%). On a monthly basis, consumer prices were up by 0.63%, after a 1.3% rise in the previous month.
2023-05-14
Palestine Inflation Rate Rises Slightly to 4.3% in March
Palestine’s annual inflation rate picked up slightly to a five-month high of 4.32% in March of 2023, from 4.03% in the previous month, as cost increased further for transport (6.8% vs 6.2%), alcoholic beverages & tobacco (4.1% vs 4%), information & communication (2.8% vs 2.2%) and education services (5.5% vs 4.5%). On the other hand, prices rose at a softer pace for food & non-alcoholic beverages (2.9% vs 5.4%), housing & utilities (2.9% vs 3.9%), recreation & culture (4.7% vs 9.7%), furnishings household equipment & routine household maintenance (1.1% vs 1.2%) and restaurants & accommodation services (6.2% vs 9.4%). On a monthly basis, consumer prices surged by 1.3%, after a 0.9% gain in the previous month.
2023-04-13
Palestine Inflation Rate Rises in February
Palestine’s annual inflation rate rose to 4.03% in February of 2023, following a 3.73% hike in the previous month. Cost increased further for food & non-alcoholic beverages (5.4% vs 4.2%), recreation & culture (9.7% vs 2.6%) but slightly for information & communication (2.2% vs 2.1%) and furnishings household equipment & routine household maintenance (1.2% vs 1.1%). On the other hand, prices rose at a softer pace for housing & utilities (3.9% vs 4.7%), transport (6.2% vs 7.1%), alcoholic beverages & tobacco (4% vs 4.4%) and restaurants & accommodation services (9.4% vs 10.6%), while inflation was steady for education services (at 4.5%). On a monthly basis, consumer prices surged by 0.9%, after a 0.3% rise in the previous month.
2023-03-14