West Bank and Gaza Inflation Rate 1997-2022

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 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 for 2019 was 1.58%, a 1.78% increase from 2018.
  • West Bank and Gaza inflation rate for 2018 was -0.20%, a 0.41% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Sudan 382.82%
Zambia 22.02%
Nigeria 16.95%
Kyrgyz Republic 11.91%
Ghana 9.97%
Georgia 9.57%
Pakistan 9.50%
Bhutan 7.35%
Mongolia 7.10%
Sri Lanka 7.01%
Kenya 6.11%
Lesotho 6.05%
Tunisia 5.71%
Bangladesh 5.55%
Egypt 5.55%
India 5.13%
Moldova 5.11%
Nicaragua 4.93%
Papua New Guinea 4.48%
Honduras 4.48%
Philippines 3.93%
Lao PDR 3.76%
El Salvador 3.47%
Kosovo 3.35%
Cambodia 2.92%
Vanuatu 2.34%
Cameroon 2.27%
Cabo Verde 1.86%
Vietnam 1.83%
Republic of Congo 1.72%
Indonesia 1.56%
Morocco 1.40%
West Bank and Gaza 1.24%
Bolivia 0.74%
Solomon Islands -0.12%
West Bank and Gaza Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%