Inflation Rate in Palestine eased to 3.43 percent in May of 2022 from 3.78 percent in the previous month. Main upward pressure came mostly from prices of food & non-alcoholic beverages (8.07 percent); restaurants & accommodation services (5.92 percent); furnishings, household equipment & routine maintenance (4.52 percent); and clothing & footwear (4.24 percent). On a monthly basis, consumer prices retreated 0.27 percent, weighed down by food & non-alcoholic beverages (-1.68 percent) and health prices (-0.34 percent). source: Palestinian Central Bureau of Statistics
Inflation Rate in Palestine averaged 2.91 percent from 1998 until 2022, reaching an all time high of 15.08 percent in July of 2008 and a record low of -2.42 percent in August of 2020. 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 2022.
Inflation Rate in Palestine is expected to be 3.80 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 1.00 percent in 2023, according to our econometric models.