Increase in the Consumer Price Index in Palestine
Increase in the Consumer Price Index in Palestine as a result of the increase in the prices of Fresh and Dried Vegetables, Chicken, Potatoes, Eggs, and Diesel during August, 08/2023
The overall Consumer Price Index CPI for Palestine during August 2023 recorded an increase by 0.73% compared with July 2023 (0.79% in the West Bank**, 0.70% in Jerusalem J1*, and by 0.59% in Gaza Strip).
The changes in Palestinian CPI during August 2023 were traced back to changes in prices of the following expenditure sub groups compared with previous month:
|Sub Groups||Percent Change|
|Fresh Vegetables||+ 8.90%|
|Fresh Chicken||+ 8.26%
|Dried Vegetables||+ 5.92%|
|Liquid Fuel for Car “Diesel”||+ 5.23%|
|Fresh Fruits||– 2.28%|
The Palestinian CPI during August 2023 increased by 4.90% compared with August 2022 (5.37% in the West Bank**, 4.07% Jerusalem J1*, and by 3.90% in Gaza Strip).
*Data represent those parts of Jerusalem, which were annexed by Israeli Occupation in 1967.
**Data exclude those parts of Jerusalem, which were annexed by Israeli Occupation in 1967.
The prices of goods and services were collected in New Israeli Shekels (NIS). The monthly average exchange rate of the US Dollar during August 2023 is (3.74 NIS/$).