Inflation rates by country and year

-0.7%1.9%4.6%7.2%9.9%53.7%
-0.7%1.9%4.6%7.2%9.9%53.7%
19977.1%
20112.9%
20259.8%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate9.8%

Behind the curve

Turning points in West Bank and Gaza

  1. 2008↑ Upward pressure

    The world food price crisis — Wikipedia (opens in a new tab)

    The Palestinian territories import most of their food and fuel, so the 2007–08 global price surge fed into domestic prices.

    Palestine Monetary Authority
  2. 2020↓ Downward pressure

    The pandemic recession — Wikipedia (opens in a new tab)

    The pandemic cut activity and demand, easing inflation in 2020.

    Palestine Monetary Authority
  3. 2023↕ Mixed effects

    The Gaza war — Wikipedia (opens in a new tab)

    The 2023 war disrupted supply chains and livelihoods in Gaza and the West Bank, adding to price volatility.

    Palestine Monetary Authority

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in West Bank and Gaza?

The annual inflation rate in West Bank and Gaza was 9.8% in 2025, the most recent year in the World Bank dataset. That means prices rose 9.8% on average compared with the year before. Use the chart above to explore West Bank and Gaza's full inflation history from 1997 to 2025, and to compare it with any other country.

How inflation in West Bank and Gaza has changed

Inflation in West Bank and Gaza peaked at 53.7% in 2024 and reached its lowest point at -0.7% in 2020. Averaged across the 29 years of available data (1997–2025), the rate has been 5.1% per year.

Frequently asked questions about inflation in West Bank and Gaza

What is the current inflation rate in West Bank and Gaza?

The latest available annual figure is 9.8% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by West Bank and Gaza's statistical office.

What was the highest inflation rate in West Bank and Gaza?

The highest annual inflation rate on record is 53.7%, reached in 2024.

What was the lowest inflation rate in West Bank and Gaza?

The lowest annual inflation rate on record is -0.7%, recorded in 2020.

Where does the inflation data for West Bank and Gaza come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.