Inflation Palestine 2008
Average inflation: 9.9%
Current Inflation
Inflation is very high at 9.9%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 12.4%. The lowest inflation was in December at 6.9%.
- Highest month
- July: 12.4%
- Lowest month
- December: 6.9%
- Difference
- 5.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 7.7%. The lowest price increase was in Energy with an average of 7.7%.
- Highest increase
- Energy: 7.7%
- Lowest increase
- Energy: 7.7%
Historical Context
Current inflation is 5.4% higher than the 5-year average of 4.5%. This approaches the highest level since records began (9.9% in 2008).
- 5-year average
- 4.5%
- 10-year average
- 4.2%
- All-time high (2008)
- 9.9%
- All-time low (2001)
- 1.2%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +8.1 percentage point.
- Change vs. previous year
- +8.1 percentage points
- Largest monthly swing
- May: +13.3 percentage points
ECB Target
Inflation is 7.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €109.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 7.1% | +5.1 |
| February | 8.2% | +7.2 |
| March | 10.3% | +9.8 |
| April | 11.7% | +11.4 |
| May | 12.2% | +13.3 |
| June | 11.7% | +11.6 |
| July | 12.4% | +12.3 |
| August | 10.1% | +7.2 |
| September | 10.9% | +8.2 |
| October | 9.5% | +5.3 |
| November | 7.9% | +3.2 |
| December | 6.9% | +2.1 |
| Average | 9.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.