The average inflation rate in Palestine was forecast to continuously decrease between 2022 and 2028 by a total 1.77 percentage points. According to this forecast in 2027, the average inflation rate will have decreased for the fifth consecutive year to 1.95 percent. However these figures have not been adjusted to account for the 2023 Israel-Hamas War.
This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.
West Bank & Gaza: inflation rate from 1997 to 2028
(compared to the previous year)
Characteristic
Inflation rate compared to previous year
2028*
1.97%
2027*
1.95%
2026*
2.19%
2025*
2.48%
2024*
2.66%
2023*
3.35%
2022
3.74%
2021
1.24%
2020
-0.71%
2019
1.56%
2018
-0.2%
2017
0.21%
2016
-0.22%
2015
1.43%
2014
1.73%
2013
1.72%
2012
2.78%
2011
2.88%
2010
3.75%
2009
2.75%
2008
9.89%
2007
1.86%
2006
3.85%
2005
5.3%
2004
3.01%
2003
4.4%
2002
5.7%
2001
1.22%
2000
2.8%
1999
5.54%
1998
5.58%
1997
7.62%
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IMF. (April 22, 2024). West Bank & Gaza: inflation rate from 1997 to 2028 (compared to the previous year) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1423576/inflation-rate-in-palestine/
IMF. "West Bank & Gaza: inflation rate from 1997 to 2028 (compared to the previous year)." Chart. April 22, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1423576/inflation-rate-in-palestine/
IMF. (2024). West Bank & Gaza: inflation rate from 1997 to 2028 (compared to the previous year). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1423576/inflation-rate-in-palestine/
IMF. "West Bank & Gaza: Inflation Rate from 1997 to 2028 (Compared to The Previous Year)." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/1423576/inflation-rate-in-palestine/
IMF, West Bank & Gaza: inflation rate from 1997 to 2028 (compared to the previous year) Statista, https://www.statista.com/statistics/1423576/inflation-rate-in-palestine/ (last visited November 23, 2024)
West Bank & Gaza: inflation rate from 1997 to 2028 (compared to the previous year) [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/1423576/inflation-rate-in-palestine/
