The Food Consumer Price Index (Food CPI) increased in October 2022 by 6.8 per cent compared to October 2021. (Palestinian Central Bureau of Statistics, PCBS)
• In October 2022, the average value of WFP food ration prices in local currency has increased by 16.5 per cent since the beginning of the Ukraine crisis (February 2022) and by 22.59 per cent compared to the previous year.
• In October, more than 329,000 people in Palestine received WFP’s monthly e-voucher, which has injected $3.2 million into the local economy. Again, rice topped the redeemed items, followed by canned food, vegetable oil and wheat flour.
• The unemployment rate in Palestine during the third quarter of 2022 reached 24.7 per cent (12.6 per cent in the West Bank and 46.6 in the Gaza Strip), an increase of 0.5 per cent from the previous quarter when it got 24.2 per cent (13.8 per cent in the West Bank and 44.1 per cent in Gaza Strip). (PCBS)
• The Producer Price Index (PPI) in Palestine during September recorded a sharp increase of 5.9 per cent compared with last year. The increase in the prices of commodities in the agriculture, electricity, and mining and quarrying sectors drives the growth.