Middle East Business

Increase in the CPI during October 2017

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Palestinian Central Bureau of Statistics (PCBS) Increase in the Consumer Price Index during October , 10/2017                    Increase in the CPI during October 2017 The overall CPI for Palestine during October 2017 increased by 0.20% compared with September 2017 (by 0.65% in Gaza Strip, and slightly increased by 0.08% in Jerusalem J1*, while it slightly decreased by 0.08% in the West Bank**). The changes in Palestinian CPI for October 2017 is traced back to changes in prices of the following expenditure sub groups compared with previous month:
Sub Groups Percent Change %
Dried Vegetables + 7.48%
Potatoes and other Tubers + 3.57%
Liquid Fuel for House + 3.49%
Liquid Fuel for Cars + 2.27%
Flour + 0.90%
Fresh Meat + 0.66%
Gas + 0.65%
Fresh Fruit + 0.53%
Fresh Fish - 1.98%
Rice - 1.39%
The Palestinian CPI during October 2017 increased by 0.97% compared with October 2016 (by 2.37% in Gaza Strip, and by 1.30% in Jerusalem J1*, while it decreased by 0.16% in the West Bank**). The Palestinian CPI during the first ten months of 2017 increased by 0.19% compared with the same period of the previous year (by 2.35% in Jerusalem J1*, and by 0.11% in the West Bank**, while it slightly decreased by 0.01% in Gaza Strip). The table below shows monthly percent changes in CPI by region for the period January – October 2017:  
Month Monthly Percent Change
Palestine West Bank** Gaza Strip Jerusal-em J1*
January + 0.14 + 0.03 + 0.38 + 1.02
February + 0.62 + 0.78 + 0.40 + 0.35
March + 1.08 + 0.22 + 2.33 - 0.70
April - 0.50 - 1.01 + 0.13 + 0.61
May - 0.84 - 0.50 - 1.62 - 0.17
June - 0.96 - 0.90 - 1.61 - 0.29
July - 0.15 + 0.36 - 0.58 - 0.13
August + 0.56 + 0.57 + 0.31 + 0.47
September + 0.65 + 0.14 + 1.39 + 0.28
October + 0.20 - 0.08 + 0.65 + 0.08
The trend line of Consumer Price Index in Palestine for October 2016 – October 2017 (Base Year 2010=100)

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