PCBS: A sharp increase in the Consumer Price Index (CPI) for Palestine during November 2022

RAMALLAH: For more than a decade, the Consumer Price Index (CPI) has been recording a sharp increase in Gaza Strip by 18.35% during November 2023 due to the continuation of the Israeli aggression on Gaza Strip for the second consecutive month, according to a press by Palestinian Central Bureau of Statistics (PCBS). Sharp accumulated increase in the Palestinian Consumer Price Index (CPI) to record an increase of 6.15% since the start of the Israeli aggression on Gaza Strip by 2.57% for the first month of the aggression "October 2023" and by 3.50% during the second month of the aggression "November 2023" The overall Consumer Price Index CPI for Palestine during November 2023 recorded a sharp increase by 3.50% compared with October 2023 (18.35% in Gaza Strip, and with a slight increase by 0.02% in Jerusalem J1*. While, the CPI decreased by 0.90% in the West Bank). The changes in Palestinian CPI during November 2023 were traced back to changes in prices of the following expenditure sub groups compared with pre vious month: Sub Groups Percent Change Potatoes + 26.29% Eggs + 26.20% Flour of Cereals + 8.41% Vegetable Oil + 7.31% Fresh Chicken + 2.48% Meat + 1.95% Fresh Vegetables - 9.54% Fresh Fruits - 8.02% Dried Vegetables - 6.51% The Palestinian CPI during November 2023 increased by 11.36% compared with November 2022 (36.39% in Gaza Strip, 4.89% Jerusalem J1, and by 4.78% in the West Bank.) Source: Palestine News and Information Agency – WAFA