Cost of food in Palestine increased 1.77 percent in December of 2018 over the same month in the previous year. Food Inflation in Palestine averaged 2.62 percent from 2008 until 2018, reaching an all time high of 21.48 percent in May of 2008 and a record low of -5.70 percent in October of 2016.
Food Inflation in Palestine is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Palestine to stand at 2.60 in 12 months time. In the long-term, the Palestine Food Inflation is projected to trend around 3.50 percent in 2020, according to our econometric models.