Sharp increase by 3.74% in the Consumer Price Index in Palestine during 2022 compared with 2021

The overall Consumer Price Index (CPI) for Palestine during 2022 recorded a sharp increase by 3.74% compared with 2021 (4.70% in Jerusalem J1*, 3.74% in the West Bank**, and by 3.16% in Gaza Strip), today said the Palestinian Central Bureau of Statistics (PCBS).

The increase in the CPI has accumulated over the past two years to reach 5%, by 3.74% in 2022 and by 1.24% in 2021.

CPI increased by 114% in 1996 and until 2022, and if it is calculated since 2004, the CPI increased by 56%.

The changes in Palestinian CPI for 2022 were traced back to changes in prices of the following expenditure major and sub-groups compared with the previous year:

Source: Palestine News and Information Agency