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Inflation rates in Palestine

The inflation rate for consumer prices in Palestine moved over the past 24 years between -0.7% and 9.9%. For 2021, an inflation rate of 1.2% was calculated.

During the observation period from 1997 to 2021, the average inflation rate was 3.1% per year. Overall, the price increase was 105.90%. An item that cost 100 Shekel in 1997 cost 205.90 Shekel in the beginning of 2022.


Inflation rates in global comparison


Back to overview: Palestine

Performance over the last 24 years compared with the USA

In only a few countries are negative inflation rates achieved. This means that the general price level is declining and consumer prices get cheaper. This is called deflation. In comparison to most other countries, the drastic price increases are no longer average. Usually this is a sign of political and economic turmoil.

Performance based on 100% in 1996:Performance in Palestine

      Palestine       USA


Inflation calculator for Palestine

Enter any amount, an initial year and an end year here. You will then be provided with the original amount after inflation. Example: 1000 Shekel in 1997 corresponds to 2,058.96 Shekel at the beginning of 2022 due to inflation.

Original amount in Shekel:


Start year:


End year:


Inflation rates for consumer goods in Palestine

Inflation rates for consumer goods in Palestine

      Palestine       USA

Historical inflation rates in comparison

YearPalestineØ EUØ USAØ World
20211.24 %2.55 %4.70 %3.42 %
2020-0.74 %0.50 %1.23 %1.92 %
20191.58 %1.63 %1.81 %2.19 %
2018-0.20 %1.74 %2.44 %2.44 %
20170.21 %1.43 %2.13 %2.19 %
2016-0.22 %0.18 %1.26 %1.55 %
20151.43 %-0.06 %0.12 %1.43 %
20141.73 %0.20 %1.62 %2.35 %
20131.72 %1.22 %1.46 %2.62 %
20122.78 %2.66 %2.07 %3.73 %
20112.88 %3.29 %3.16 %4.82 %
20103.75 %1.53 %1.64 %3.35 %
20092.75 %0.84 %-0.36 %2.94 %
20089.89 %4.16 %3.84 %8.95 %
20071.86 %2.51 %2.85 %4.82 %
20063.84 %2.67 %3.23 %4.28 %
20054.11 %2.49 %3.39 %4.11 %
20043.00 %2.29 %2.68 %3.38 %
20034.40 %2.09 %2.27 %3.03 %
20025.71 %2.42 %1.59 %2.83 %
20011.22 %3.37 %2.83 %3.84 %
20002.80 %3.15 %3.38 %3.49 %
19995.54 %2.16 %2.19 %3.08 %
19985.58 %2.42 %1.55 %5.11 %
19977.09 %3.11 %2.34 %5.57 %

Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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