Inflation Palestine 2003
Average inflation: 4.4%
Current Inflation
Inflation is high at 4.4%, well above the ECB target.
Peak and Trough
The highest inflation was in March at 6.7%. The lowest inflation was in August at 2.3%.
- Highest month
- March: 6.7%
- Lowest month
- August: 2.3%
- Difference
- 4.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 2.4%. The lowest price increase was in Energy with an average of 2.4%.
- Highest increase
- Energy: 2.4%
- Lowest increase
- Energy: 2.4%
Historical Context
Current inflation is around the 5-year average of 3.9%.
- 5-year average
- 3.9%
- 10-year average
- 4.2%
- All-time high (2002)
- 5.7%
- All-time low (2001)
- 1.2%
Trend
Inflation shows an upward trend. Compared to 2002, inflation has risen by -1.3 percentage point.
- Change vs. previous year
- -1.3 percentage points
- Largest monthly swing
- August: -5.4 percentage points
ECB Target
Inflation is 2.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 6.0% | +3.0 |
| February | 5.6% | +2.1 |
| March | 6.7% | +3.0 |
| April | 5.8% | +1.0 |
| May | 5.2% | 0.0 |
| June | 4.7% | -1.2 |
| July | 2.8% | -4.1 |
| August | 2.3% | -5.4 |
| September | 3.1% | -4.3 |
| October | 3.0% | -4.6 |
| November | 4.1% | -2.1 |
| December | 3.8% | -2.6 |
| Average | 4.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.