عربي
Palestinian Central Bureau of Statistics (PCBS)
Sharp increase in the wholesale price[1] index in Palestine by 18% since the beginning of the Israeli aggression on Gaza Strip
The overall Wholesale Price Index in Palestine during the Second Quarter of 2024 recorded a sharp increase by 6.26% compared with the First Quarter of 2024 (14.73% for local consumed products, and by 2.73% for imported products).
The changes in WPI for the Second Quarter of 2024 were traced back to changes in prices of the following Division and Category compared with previous quarter:
|
Division and Category during Q2 2024 |
Percent Change |
|
Wholesale trade, except of motor vehicles and motorcycles |
+ 6.98% |
|
Wholesale of solid, liquid and gaseous fuels and related products |
+ 26.86% |
|
Wholesale of live animals |
+ 22.00% |
|
Wholesale of fish, meat and their products |
+ 17.98% |
|
Wholesale of pharmaceutical and pharmaceutical preparations
|
+ 7.41% |
|
Wholesale of metals and metal ores |
+ 4.32% |
|
Wholesale of waste and scrap and other products n.e.c. |
+ 2.90% |
|
Wholesale trade in coffee, tea, cocoa and spices |
+ 2.79% |
|
Wholesale of textiles, clothing and footwear |
+ 1.78% |
|
Wholesale of construction materials, hardware, plumbing and heating equipment and supplies |
+ 1.72% |
|
Wholesale of dairy products and eggs |
+ 1.59% |
|
Wholesale of sugar, chocolate, sugary products and bakery products |
+ 1.10% |
|
Non-specialized wholesale trade |
- 4.10% |
|
Wholesale of animal and vegetable oils and fats |
- 2.31% |
|
Wholesale and retail trade and repair of motor vehicles and motorcycles |
- 0.31% |
|
Sale of motor vehicle parts and accessories |
- 1.23% |
|
Sale of motor vehicles |
- 0.09% |
Notice for Users:
· The base year of Wholesale Price Index has been updated to be 2021.
· The methodology of Wholesale Price Index has been updated; weights structure, sampling frame and wholesale outlets, and modified Laspers equation in the index compilation.
· Reliance on the International Standard of Industrial Classification of all Economic Activities “Rev.4” issued by the United Nation Statistical Division (UN), to classify wholesale trade division and category within section G “45-47” wholesale and retail trade; repair of motor vehicles and motorcycles, exclude division 47 for retail trade.
· Due to the Israeli attack on Gaza strip in October,7 2023, the wholesale prices in Gaza strip was estimated according to international recommendation in this field for second quarter 2024.
[1]The resale (sale without transformation) of new and used goods to retailers, industrial, commercial, institutional or professional users, to other wholesalers, or to those acting as agents or brokers in buying merchandise for, or selling merchandise to such persons or companies. The wholesale price includes VAT and any transport charges