How rampant inflation has become another cost of war in Gaza


Isaac Arroyo
  • English
  • Arabic

It is almost two years since the start of the Gaza war, and the people in the Gaza Strip have been dealing with the loss of human lives and the expense of surviving.

The prices of goods and services have been on the rise since October 2023, and even though prices went down for a short period at the start of 2025, they quickly increased again, especially for housing expenses such as water, electricity and gas and food.

Measuring housing expenses and food prices

To measure the cost of living and the changes in the prices of goods and services purchased or acquired by households, the Palestinian Central Bureau of Statistics (PCBS) publishes the Consumer Price Index (CPI). The baseline is the prices of goods and services in 2018, where values above 100 mean higher costs. And as shown on this Chart of the Week, after five consecutive months of increasing prices between March and July, prices went down in August. However, they're still higher than they were two years ago.

The costs for a person to have a roof over their head and food to eat were constant throughout 2021 and 2022, with values of CPI of around 103 each year, but the numbers changed in 2023 and 2024. Housing expenses went from a CPI of 120.5 in 2023 to 231.89, an increase of 92.44 per cent, while food went from 116.80 to 379.24, a rise of more than 200 per cent.

The situation calmed down during the first two months of the year, when a ceasefire agreement came into place after 15 months of war.

However, that didn't last long for housing expenses, which in just two months reached a CPI of 1,018 and have remained constant, but costs could increase again given Israel's eviction order for all of Gaza city at the start of September. Additionally, accessing food has become a challenge for Gazans, and the CPI of food is another perspective on the crisis they have been confronting, peaking at 1,468 in July 2025, its highest level in the past decade, adding to the current famine in Gaza.

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Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

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Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

About Karol Nawrocki

• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.

• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.

• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.

• Met Donald Trump at the White House and received his backing.

Ukraine

Capital: Kiev

Population: 44.13 million

Armed conflict in Donbass

Russia-backed fighters control territory

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Mashrafe Mortaza (captain), Tamim Iqbal, Liton Das, Soumya Sarkar, Mushfiqur Rahim (wicketkeeper), Mahmudullah, Shakib Al Hasan (vice captain), Mohammad Mithun, Sabbir Rahaman, Mosaddek Hossain, Mohammad Saifuddin, Mehidy Hasan Miraz, Rubel Hossain, Mustafizur Rahman, Abu Jayed (Reporting by Rohith Nair in Bengaluru Editing by Amlan Chakraborty)

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

Updated: September 16, 2025, 1:18 PM