Consumer prices in Palestine plunged 40.04% year-on-year in June 2026, deepening from a 36.96% decline in May and marking the sharpest deflation since December last year. Across the territories, consumer prices fell 62.77% in the Gaza Strip, while inflation remained positive in the West Bank (1.31%) and Jerusalem (2.31%). The sharp decline continued to reflect the normalization of prices in Gaza following the exceptionally high levels recorded during the previous two years. On a monthly basis, consumer prices fell 1.6% in June, following a 0.4% decline in May. This was driven by broad-based declines in gas (-67.31%), eggs (-25.04%), fresh vegetables (-14.75%), fresh chicken (-11.72%), potatoes and other tubers (-9.82%), dried vegetables (-9.58%), fresh fruit (-7.39%), diesel fuel (-7.19%), rice (-1.62%), and vegetable oils (-1.05%). source: Palestinian Central Bureau of Statistics

Inflation Rate in Palestine decreased to -40.04 percent in June from -36.96 percent in May of 2026. Inflation Rate in Palestine averaged 4.88 percent from 1998 until 2026, reaching an all time high of 88.93 percent in November of 2024 and a record low of -42.90 percent in December of 2025. 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 July of 2026.

Inflation Rate in Palestine decreased to -40.04 percent in June from -36.96 percent in May of 2026. Inflation Rate in Palestine is expected to be -20.00 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 6.00 percent in 2027 and 8.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-15 04:00 AM
Inflation Rate YoY
May -36.96% -21.78% -10.0%
2026-07-14 08:00 AM
Inflation Rate YoY
Jun -40.04% -36.96% -42.0%
2026-08-13 08:00 AM
Inflation Rate YoY
Jul -40.04%


Related Last Previous Unit Reference
Consumer Price Index CPI 155.90 155.90 points Jun 2026
CPI Transportation 150.76 136.10 points Jun 2026
Food Inflation -66.73 -44.63 percent Jun 2026
Inflation Rate YoY -40.04 -36.96 percent Jun 2026
Producer Prices 201.69 216.45 points May 2026
PPI YoY -14.62 20.58 percent May 2026


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
-40.04 -36.96 88.93 -42.90 1998 - 2026 percent Monthly
2018=100

News Stream
Palestine CPI Plunges 40% in June
Consumer prices in Palestine plunged 40.04% year-on-year in June 2026, deepening from a 36.96% decline in May and marking the sharpest deflation since December last year. Across the territories, consumer prices fell 62.77% in the Gaza Strip, while inflation remained positive in the West Bank (1.31%) and Jerusalem (2.31%). The sharp decline continued to reflect the normalization of prices in Gaza following the exceptionally high levels recorded during the previous two years. On a monthly basis, consumer prices fell 1.6% in June, following a 0.4% decline in May. This was driven by broad-based declines in gas (-67.31%), eggs (-25.04%), fresh vegetables (-14.75%), fresh chicken (-11.72%), potatoes and other tubers (-9.82%), dried vegetables (-9.58%), fresh fruit (-7.39%), diesel fuel (-7.19%), rice (-1.62%), and vegetable oils (-1.05%).
2026-07-14
Palestine Consumer Prices Fall Most in 5 Months
Consumer prices in Palestine plunged by 36.96% year-on-year in May 2026, extending the decline from a 21.78% fall in the previous month. It marked the sharpest consumer deflation since December 2025, as prices fell across most key items, namely dried vegetables (-15.8%), fresh vegetables (-11.91%), flour of cereals (-10.29%), fresh fruits (-8.32%), other sugar and sugar substitutes (-6.96%), potatoes and other tubers (-5.94%), liquid fuel for cars, diesel (-3.58%), vegetable oils (-3.57%), and rice (-1.81%). Among major groups, deflation was recorded in food and non-alcoholic beverages (-44.63%), housing and utilities (-50.95%), and transport (-9.89%). Across the territories, the Gaza Strip recorded a steep 59.96% decline, while prices rose by 2.69% in the West Bank and 3.21% in Jerusalem. On a monthly basis, consumer prices fell 0.4%, reversing a 5.27% increase in April.
2026-06-15
Palestine Consumer Prices Fall in April
Consumer prices in Palestine dropped by 21.78% year-on-year in April 2026, reversing a 3.02% increase in the previous month and marking the sharpest decline since late December. Across the territories, the Gaza Strip recorded a steep 42.84% drop, while prices rose by 3.64% in the West Bank and 3.45% in Jerusalem. On a monthly basis, the consumer price index declined by 0.75% in April, driven by a 4.41% fall in Gaza, partly offset by increases of 2.08% in the West Bank and 0.73% in Jerusalem. The decline was led by lower prices for dried vegetables (-20.69%), potatoes and other tubers (-20.60%), fresh vegetables (-16.47%), fresh chicken (-6.22%), gas (-4.35%), other sugar and sugar substitutes (-3.28%), fresh meat (-3.19%), and bread (-2.11%).
2026-05-14