Producer prices in Palestine increased 2.4 percent year-on-year in November of 2018, accelerating from a 2.3 percent rise in the previous month. On a monthly basis, producer prices fell 1.9 percent, following a 1.2 percent drop in October, as cost declined for electricity, gas, steam & air conditioning supply (-12.16 percent from -7.17 percent in October); agriculture, forestry & fishing (-0.70 percent from 1.40 percent), and mining & quarrying (- 0.12, after a flat reading in the prior month). On the other hand, cost of water supply, sewerage, waste management & remediation continued to rise (1.20 percent from 2.53 percent) while cost of manufacturing rebounded (0.13 percent from -0.86 percent). Producer Prices Change in Palestine averaged 1.88 percent from 2012 until 2018, reaching an all time high of 6.70 percent in September of 2012 and a record low of -2.30 percent in December of 2017.
Producer Prices Change in Palestine is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Palestine to stand at 3.10 in 12 months time. In the long-term, the Palestine Producer Prices Change is projected to trend around 3.00 percent in 2020, according to our econometric models.