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.
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.