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 sheqels in 1997 costs 205.90 sheqels at the beginning of 2022.
› Inflation rates in global comparison
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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:
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: 1,000 sheqels in 1997 corresponds to 2,058.96 sheqels at the beginning of 2022 due to inflation.Inflation rates for consumer goods in Palestine
Historical inflation rates in comparison
| Year | Palestine | Ø EU | Ø USA | Ø World |
|---|---|---|---|---|
| 2021 | 1.24 % | 2.55 % | 4.70 % | 3.50 % |
| 2020 | -0.74 % | 0.50 % | 1.23 % | 1.92 % |
| 2019 | 1.58 % | 1.63 % | 1.81 % | 2.19 % |
| 2018 | -0.20 % | 1.74 % | 2.44 % | 2.44 % |
| 2017 | 0.21 % | 1.43 % | 2.13 % | 2.19 % |
| 2016 | -0.22 % | 0.18 % | 1.26 % | 1.55 % |
| 2015 | 1.43 % | -0.06 % | 0.12 % | 1.43 % |
| 2014 | 1.73 % | 0.20 % | 1.62 % | 2.35 % |
| 2013 | 1.72 % | 1.22 % | 1.46 % | 2.62 % |
| 2012 | 2.78 % | 2.66 % | 2.07 % | 3.73 % |
| 2011 | 2.88 % | 3.29 % | 3.16 % | 4.82 % |
| 2010 | 3.75 % | 1.53 % | 1.64 % | 3.35 % |
| 2009 | 2.75 % | 0.84 % | -0.36 % | 2.94 % |
| 2008 | 9.89 % | 4.16 % | 3.84 % | 8.95 % |
| 2007 | 1.86 % | 2.51 % | 2.85 % | 4.82 % |
| 2006 | 3.84 % | 2.67 % | 3.23 % | 4.28 % |
| 2005 | 4.11 % | 2.49 % | 3.39 % | 4.11 % |
| 2004 | 3.00 % | 2.29 % | 2.68 % | 3.38 % |
| 2003 | 4.40 % | 2.09 % | 2.27 % | 3.03 % |
| 2002 | 5.71 % | 2.42 % | 1.59 % | 2.83 % |
| 2001 | 1.22 % | 3.37 % | 2.83 % | 3.84 % |
| 2000 | 2.80 % | 3.15 % | 3.38 % | 3.49 % |
| 1999 | 5.54 % | 2.16 % | 2.19 % | 3.08 % |
| 1998 | 5.58 % | 2.42 % | 1.55 % | 5.11 % |
| 1997 | 7.09 % | 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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