Development of inflation rates in Palestine
The inflation rate for consumer prices in Palestine moved over the past 22 years between -0.2% and 9.9%. For 2019, an inflation rate of 1.6% was calculated.During the observation period from 1997 to 2019, the average inflation rate was 3.3% per year. Overall, the price increase was 104.89 %. An item that cost 100 Shekel in 1997 was so charged 204.89 Shekel in the beginning of 2020.
In only a few countries negative inflation rates are achieved. This means that the general price level is declining and consumer prices get cheaper. This case is called deflation.In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.
Back to overview: West Bank
Performance over the last 22 years compared to the European Union
Performance based on 100% in 1996.
Inflation calculator for Palestine
Enter any amount, an initial year and an end year here. You will then be issued with the amount that arose from the original amount after inflation. Example: 1000 Shekel in 1997 corresponds to an amount of 2,048.86 Shekel at the beginning of 2020 due to inflation.Development of inflation rates for consumer goods in Palestine
| Jahr | Palestine | Ø European Union |
|---|---|---|
| 1997 | 7.09 % | 2.72 % |
| 1998 | 5.58 % | 2.40 % |
| 1999 | 5.54 % | 2.15 % |
| 2000 | 2.80 % | 3.10 % |
| 2001 | 1.22 % | 3.15 % |
| 2002 | 5.71 % | 2.31 % |
| 2003 | 4.40 % | 2.08 % |
| 2004 | 3.00 % | 2.26 % |
| 2005 | 4.11 % | 2.47 % |
| 2006 | 3.84 % | 2.60 % |
| 2007 | 1.86 % | 2.48 % |
| 2008 | 9.89 % | 4.16 % |
| 2009 | 2.75 % | 0.93 % |
| 2010 | 3.75 % | 1.53 % |
| 2011 | 2.88 % | 3.29 % |
| 2012 | 2.78 % | 2.66 % |
| 2013 | 1.72 % | 1.22 % |
| 2014 | 1.73 % | 0.20 % |
| 2015 | 1.43 % | -0.06 % |
| 2016 | -0.22 % | 0.18 % |
| 2017 | 0.21 % | 1.43 % |
| 2018 | -0.20 % | 1.74 % |
| 2019 | 1.58 % | 1.63 % |