Inflation Palestine 2004
Average inflation: 3.0%
Current Inflation
Inflation is high at 3.0%, well above the ECB target.
Peak and Trough
The highest inflation was in February at 4.6%. The lowest inflation was in June at 2.1%.
- Highest month
- February: 4.6%
- Lowest month
- June: 2.1%
- Difference
- 2.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 3.3%. The lowest price increase was in Energy with an average of 3.3%.
- Highest increase
- Energy: 3.3%
- Lowest increase
- Energy: 3.3%
Historical Context
Current inflation is around the 5-year average of 3.4%.
- 5-year average
- 3.4%
- 10-year average
- 4%
- All-time high (2002)
- 5.7%
- All-time low (2001)
- 1.2%
Trend
Inflation shows a downward trend. Compared to 2003, inflation has fallen by +1.4 percentage point.
- Change vs. previous year
- -1.4 percentage points
- Largest monthly swing
- March: -4.4 percentage points
ECB Target
Inflation is 1.0% 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 €103.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 4.4% | -1.6 |
| February | 4.6% | -1.0 |
| March | 2.3% | -4.4 |
| April | 2.5% | -3.3 |
| May | 2.4% | -2.8 |
| June | 2.1% | -2.6 |
| July | 3.1% | +0.3 |
| August | 3.6% | +1.3 |
| September | 2.2% | -0.9 |
| October | 2.2% | -0.8 |
| November | 2.7% | -1.4 |
| December | 3.9% | +0.1 |
| Average | 3.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.