The annual inflation rate in Palestine inched down to 0.44 percent in February 2019 from 0.45 percent in the previous month. On a monthly basis, consumer prices edged down by 0.05 percent. From reference month January 2019, the index has been rebased from 2010 to base year 2018. Inflation Rate in Palestine averaged 3.22 percent from 1998 until 2018, reaching an all time high of 15.08 percent in July of 2008 and a record low of -2.11 percent in March of 2018.
Inflation Rate in Palestine is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Palestine to stand at 2.20 in 12 months time. In the long-term, the Palestine Inflation Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.