The average inflation rate in Palestine was forecast to continuously increase between 2020 and 2023 by a total 6.58 percentage points. According to this forecast in 2023, the average inflation rate will have increased to 5.87 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 2023
(compared to the previous year)
Characteristic
Inflation rate compared to previous year
2023
5.87%
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. (October 22, 2024). West Bank & Gaza: inflation rate from 1997 to 2023 (compared to the previous year) [Graph]. In Statista. Retrieved December 26, 2024, from https://www.statista.com/statistics/1423576/inflation-rate-in-palestine/
IMF. "West Bank & Gaza: inflation rate from 1997 to 2023 (compared to the previous year)." Chart. October 22, 2024. Statista. Accessed December 26, 2024. https://www.statista.com/statistics/1423576/inflation-rate-in-palestine/
IMF. (2024). West Bank & Gaza: inflation rate from 1997 to 2023 (compared to the previous year). Statista. Statista Inc.. Accessed: December 26, 2024. https://www.statista.com/statistics/1423576/inflation-rate-in-palestine/
IMF. "West Bank & Gaza: Inflation Rate from 1997 to 2023 (Compared to The Previous Year)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/1423576/inflation-rate-in-palestine/
IMF, West Bank & Gaza: inflation rate from 1997 to 2023 (compared to the previous year) Statista, https://www.statista.com/statistics/1423576/inflation-rate-in-palestine/ (last visited December 26, 2024)
West Bank & Gaza: inflation rate from 1997 to 2023 (compared to the previous year) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/1423576/inflation-rate-in-palestine/
