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. source: Palestinian Central Bureau of Statistics
Inflation Rate in Palestine decreased to 3.02 percent in March from 11.61 percent in February of 2026. Inflation Rate in Palestine averaged 5.22 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 April of 2026.
Inflation Rate in Palestine decreased to 3.02 percent in March from 11.61 percent in February 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.