The Consumer Food Price Index (CPI) rose 0.12% in August 2022 relative to the previous month.In August 2022, the average value of WFP food ration prices in local currency increased by 19.89 per cent since the beginning of the Ukraine crisis and by 30.80 per cent compared to the previous year.Since the beginning of the Ukraine crisis (February 2022), wheat flour prices in Palestine have increased by around 23 per cent, corn oil prices by approximately 20 per cent, and fodder prices by 35-40 per cent. (PCBS)This escalation in Gaza in August 2022 has created additional humanitarian needs. Another US $ 1.53 million in funding is needed to respond to increased food security needs due to the escalation. (OCHA)The Palestinian Central Statistics Bureau (PCBS) published the Preliminary Estimates of Quarterly National Accounts for Q2 2022. In Q2, GDP at constant prices showed an increase of 1 per cent compared to the previous quarter and 3 per cent compared to Q2 last year. (Base year: 2015)In August, the local currency (NIS) depreciated by 2.33 per cent against the US dollar (USD) compared to the previous year, decreasing the purchasing power for people who receive their salaries in USD.