During February, WFP provided essential support to 367,669 people in Palestine through monthly food and cash e-vouchers, injecting $3 million into the local economy, and providing a boost to small businesses and households. The most redeemed items were wheat flour, vegetable oil, and frozen meat.
• WFP continued providing its technical expertise and cash-based transfer (CBT) platform to other humanitarian agencies to facilitate the implementation of their projects. Through this service provision in February, WFP assisted about 625,826 individuals and the redemption of about US$ 9.1 million.
• In February, the Consumer Price Index (CPI) increased by 4.0 per cent compared to the previous year. (Palestinian Central Bureau of Statistics) (PCBS).
• The rice price has increased by around 10 per cent compared to February 2022, reaching a new highest level in the local market. This is driven by the international increase in rice prices from the production countries.
• During February, the average value of WFP food ration prices in local currency increased by 3.5 per cent compared to the previous month.