Palestine CPI Rises 11.6% in February

Consumer prices in Palestine rose by 11.61% year-on-year in February 2026, following a 14.4% drop in the previous month. This marks the first increase since last September, driven by a 31.32% surge in prices in the Gaza Strip, while costs also rose 2.84% in Jerusalem and 1.71% in the West Bank. Among key items, prices increased sharply for imported cigarettes (161.75%), fresh chicken (9.51%), eggs (7.59%), fresh meat (4.13%), and rice (4.01%), reflecting ongoing market instability in Gaza. On a monthly basis, the consumer price index jumped 12.02% in February, largely due to a 37.92% spike in Gaza, alongside smaller increases of 0.39% in Jerusalem and 0.02% in the West Bank.

Consumer prices in Palestine declined by 14.4% year-on-year in January 2026, easing from a sharp 42.9% drop in the previous month and marking the fourth consecutive month of a deflationary trend. Meanwhile, prices increased in Jerusalem (2.95%), and the West Bank (1.75%). Among key food items, prices increased for fresh vegetables (10.15%), fresh fruit (8.55%), potatoes and other tubers (8.12%), rice (4.9%), dried vegetables (3.2%), and bread (2.1%), alongside imported cigarettes (15.7%), and gas (2.3%). On a monthly basis, consumer prices climbed 1.11% in January, rebounding from a 3.76% decrease in the prior month.

Consumer prices in Palestine plunged by 42.90% year-on-year in December 2025, deepening from a 38.9% decline in November. This marked the steepest decline since records began in 1998, driven by a 70.74% collapse in prices in the Gaza Strip, extending the deflationary trend for a third consecutive month following the ceasefire. Meanwhile, prices increased in Jerusalem (+2.80%) and the West Bank (+1.05%). Among key food items, prices declined for eggs (-35.21%), white flour (-26.71%), dried vegetables (-21.61%), fresh chicken (-14.27%), and fresh meat (-6.45%), alongside lower fuel prices, with petrol down 17.40%. On a monthly basis, consumer prices fell by 3.76% in December, following a 15.45% drop in November, as a steep decline in Gaza (-11.54%) outweighed modest increases in Jerusalem (+0.56%) and the West Bank (+0.23%).