The Palestinian Central Bureau of Statistics (PCBS) issued on 09 November 2023 a press release highlighting the state of impact of Israeli occupation aggression on Consumer prices In Gaza Strip facing an unprecedented humanitarian disaster.

Prices of consumer goods in Gaza Strip sharply increased by 12% in October 2023 compared to September 2023. Israel's aggression against Gaza Strip as of October 7th, 2023 and the imposition of a complete siege, closure of crossings and cutting off water, fuel and gas supplies had the greatest impact that led to the high rise of consumer goods, especially food, as well as fuel prices, due to scarce quantities and not being allowed into Gaza Strip in addition to the increase of transport expenses from northern Gaza to central and southern Gaza, in light of the continued displacement of households in Gaza Strip.

The purchasing power of the Palestinian households in Gaza Strip dropped by 11% during the Israeli aggression against Gaza Strip compared to September 2023, due to the increase in prices in Gaza's markets and limited availability due to being out of stock.

In any normal situation, the households in Gaza Strip spend 33% of their average income on food and non-alcoholic beverages. In other words, the household in Gaza Strip needs NIS 330 of every NIS 1,000 to buy their needs of food and drinks. Hence, now with these high prices of food and non-alcoholic beverages that increased by 21% in November 2023 from the base year, the household needs NIS1,206 to buy the same quantities of food and drinks

For more details, please visit:

https://www.pcbs.gov.ps/portals/_pcbs/PressRelease/Press_En_GazaWar2023E.pdf