Current inflation فلسطين 27.2%
February 2024
Current Inflation
Inflation is very high at 22.9%, far above the ECB target.
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.
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 22.9%
- Last year
- 5.9%
- 5-year average
- 22.9%
- All-time high (2024)
- 22.9%