Inflation Palestine 2024
Average inflation: 22.9%
Current Inflation
Inflation is very high at 22.9%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 27.2%. The lowest inflation was in January at 18.6%.
- Highest month
- February: 27.2%
- Lowest month
- January: 18.6%
- Difference
- 8.6 percentage points
- Months with data
- 2 of 12
Category Insights
The highest price increase was in Energy with an average of 6.8%. The lowest price increase was in Energy with an average of 6.8%.
- Highest increase
- Energy: 6.8%
- Lowest increase
- Energy: 6.8%
Historical Context
Current inflation is 16.3% higher than the 5-year average of 6.6%. This approaches the highest level since records began (22.9% in 2024).
- 5-year average
- 6.6%
- 10-year average
- 3.6%
- All-time high (2024)
- 22.9%
- All-time low (2020)
- -0.7%
Trend
Inflation shows an upward trend. Compared to 2023, inflation has risen by +17.0 percentage point.
- Change vs. previous year
- +17.0 percentage points
- Largest monthly swing
- February: +23.2 percentage points
ECB Target
Inflation is 20.9% 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 €122.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 18.6% | +14.9 |
| February | 27.2% | +23.2 |
| Average | 22.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.