2026.01.1407:45:36UTC+00Palestinian Consumer Prices Sink Further

Consumer prices in Palestine experienced a significant downturn of 42.90% on a year-on-year basis in December 2025, following a 38.9% fall in November. This represents the most pronounced decline since data recording began in 1998, largely influenced by a dramatic 70.74% decrease in the Gaza Strip's prices, persisting the deflationary phase for the third month in a row after the ceasefire. In contrast, prices showed an upward trend in Jerusalem, rising by 2.80%, and in the West Bank, with a growth of 1.05%. Key food items saw notable price reductions, including eggs declining by 35.21%, white flour by 26.71%, dried vegetables by 21.61%, fresh chicken by 14.27%, and fresh meat by 6.45%. This decrease was accompanied by lower fuel costs, with petrol prices dropping 17.40%. On a month-to-month comparison, consumer prices decreased by 3.76% in December, following a 15.45% reduction in November. This was primarily driven by a sharp fall in prices within Gaza, down by 11.54%, which more than offset the slight increases observed in Jerusalem, up by 0.56%, and the West Bank, rising by 0.23%.