Inflation on the rise in Palestine

Inflation in Palestine is on the rise, as the overall Consumer Price Index increase by 1.42 per cent, when compared to September, fuelled by a15.49 per cent increase in fresh vegetables and other food stuffs.

The overall Consumer Price Index (CPI) for the Palestinian Territory [2] during September 2012 increased by 1.42% compared to August 2012, according to Palestinian Central Bureau of Statistics (PCBS) press release on Sunday.

It said that the CPI during September 2012 increased by 4.06% compared to September 2011; 6.48% in the West Bank, 4.54% in Jerusalem, and 1.25% in Gaza Strip.

During the first nine months of 2012, CPI increased by 2.92% compared to the same period of the previous year; 4.13% in the West Bank, 3.14% in Jerusalem, and 0.59% in Gaza Strip.

The change in CPI for September 2012 is traced back to changes in prices [3] of the expenditure sub groups compared to the previous month, such as fresh vegetables which increased by 15.49%, eggs by 13.36% and fresh poultry by 2.49%.

Inflation grew in Palestine, fulled by increasing food costs