Inflation Palestine 2022
Average inflation: 3.8%
Current Inflation
Inflation is high at 3.8%, well above the ECB target.
Peak and Trough
The highest inflation was in June at 4.5%. The lowest inflation was in January at 2.7%.
- Highest month
- June: 4.5%
- Lowest month
- January: 2.7%
- Difference
- 1.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 2.8%. The lowest price increase was in Energy with an average of 2.8%.
- Highest increase
- Energy: 2.8%
- Lowest increase
- Energy: 2.8%
Historical Context
Current inflation is 2.6% higher than the 5-year average of 1.2%.
- 5-year average
- 1.2%
- 10-year average
- 1.1%
- All-time high (2008)
- 9.9%
- All-time low (2020)
- -0.7%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +2.5 percentage point.
- Change vs. previous year
- +2.5 percentage points
- Largest monthly swing
- March: +4.1 percentage points
ECB Target
Inflation is 1.8% 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 €103.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 2.7% | +3.3 |
| February | 3.0% | +3.2 |
| March | 3.6% | +4.1 |
| April | 3.8% | +2.5 |
| May | 3.4% | +1.1 |
| June | 4.5% | +2.4 |
| July | 4.0% | +1.7 |
| August | 3.2% | +0.6 |
| September | 4.0% | +2.3 |
| October | 4.4% | +3.1 |
| November | 4.3% | +2.9 |
| December | 4.1% | +2.8 |
| Average | 3.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.