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. source: Palestinian Central Bureau of Statistics

Inflation Rate in Palestine decreased to -36.96 percent in May from -21.78 percent in April of 2026. Inflation Rate in Palestine averaged 5.02 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 June of 2026.

Inflation Rate in Palestine decreased to -36.96 percent in May from -21.78 percent in April of 2026. Inflation Rate in Palestine is expected to be -15.00 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
2026-05-14 08:00 AM
Inflation Rate YoY
Apr -21.78% 3.02% 1.0%
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 -36.96% -15%


Related Last Previous Unit Reference
Consumer Price Index CPI 155.90 155.90 points Jun 2026
CPI Transportation 136.10 136.36 points May 2026
Food Inflation -44.63 -27.29 percent May 2026
Inflation Rate YoY -36.96 -21.78 percent May 2026
Producer Prices 216.45 229.71 points Apr 2026
PPI YoY 20.58 44.56 percent Apr 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
-36.96 -21.78 88.93 -42.90 1998 - 2026 percent Monthly
2018=100

News Stream
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
Palestine Inflation Eases in March
Consumer prices in Palestine rose by 3.02% year-on-year in March 2026, easing sharply from an 11.61% increase in the previous month but marking the second consecutive month of growth. The rise was driven by a 5.01% increase in the Gaza Strip, followed by gains of 2.94% in Jerusalem and 1.40% in the West Bank. Among key items, costs grew for dried vegetables (+157.26%), potatoes and other tubers (+104.24%), gas (+47.53%), fresh vegetables (+45.48%), flour of cereals (+43.72%), fresh fruits (+21.26%), fresh chicken (+16.23%), vegetable oils (+14.33%), eggs (+11.31%), other sugar and sugar substitutes (+10.49%), diesel (+5.57), fresh meat (+5.42%), petrol (+5.16%), rice (+3.97%), and bread (+4.82%). On a monthly basis, the consumer price index increased by 5.27% in March, largely due to a 12.42% spike in Gaza, alongside smaller increases of 0.75% in the West Bank and 0.62% in Jerusalem.
2026-04-14