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Development of 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 was so charged 205.90 Shekel in the beginning of 2022.


Inflation rates in global comparison


Back to overview: West Bank

Performance over the last 24 years compared to the US

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.

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 issued with the amount that arose from the original amount after inflation. Example: 1000 Shekel in 1997 corresponds to an amount of 2,058.96 Shekel at the beginning of 2022 due to inflation.

Original amount in Shekel:


Start year:


End year:


Development of inflation rates for consumer goods in Palestine

Inflation rates for consumer goods in Palestine

      Palestine       USA

Historical inflation rates in comparison

YearPalestineØ USAØ World
20211.24 %4.70 %3.42 %
2020-0.74 %1.23 %1.89 %
20191.58 %1.81 %2.21 %
2018-0.20 %2.44 %2.44 %
20170.21 %2.13 %2.19 %
2016-0.22 %1.26 %1.55 %
20151.43 %0.12 %1.43 %
20141.73 %1.62 %2.35 %
20131.72 %1.46 %2.62 %
20122.78 %2.07 %3.73 %
20112.88 %3.16 %4.82 %
20103.75 %1.64 %3.35 %
20092.75 %-0.36 %2.94 %
20089.89 %3.84 %8.95 %
20071.86 %2.85 %4.82 %
20063.84 %3.23 %4.28 %
20054.11 %3.39 %4.11 %
20043.00 %2.68 %3.38 %
20034.40 %2.27 %3.03 %
20025.71 %1.59 %2.83 %
20011.22 %2.83 %3.84 %
20002.80 %3.38 %3.49 %
19995.54 %2.19 %3.08 %
19985.58 %1.55 %5.11 %
19977.09 %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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