West Bank and Gaza Inflation Rate 1997-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- West Bank and Gaza inflation rate for 2023 was 5.87%, a 2.13% increase from 2022.
- West Bank and Gaza inflation rate for 2022 was 3.74%, a 2.5% increase from 2021.
- West Bank and Gaza inflation rate for 2021 was 1.24%, a 1.97% increase from 2020.
- West Bank and Gaza inflation rate for 2020 was -0.74%, a 2.32% decline from 2019.
| West Bank and Gaza Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
5.87% |
2.13% |
| 2022 |
3.74% |
2.50% |
| 2021 |
1.24% |
1.97% |
| 2020 |
-0.74% |
-2.32% |
| 2019 |
1.58% |
1.78% |
| 2018 |
-0.20% |
-0.41% |
| 2017 |
0.21% |
0.43% |
| 2016 |
-0.22% |
-1.65% |
| 2015 |
1.43% |
-0.30% |
| 2014 |
1.73% |
0.01% |
| 2013 |
1.72% |
-1.05% |
| 2012 |
2.78% |
-0.10% |
| 2011 |
2.88% |
-0.87% |
| 2010 |
3.75% |
1.00% |
| 2009 |
2.75% |
-7.14% |
| 2008 |
9.89% |
8.03% |
| 2007 |
1.86% |
-1.98% |
| 2006 |
3.84% |
-0.27% |
| 2005 |
4.11% |
1.10% |
| 2004 |
3.00% |
-1.40% |
| 2003 |
4.40% |
-1.31% |
| 2002 |
5.71% |
4.49% |
| 2001 |
1.22% |
-1.58% |
| 2000 |
2.80% |
-2.75% |
| 1999 |
5.54% |
-0.04% |
| 1998 |
5.58% |
-1.51% |
| 1997 |
7.09% |
-1.51% |
