Gaza's Resilience: Rising Prices, Winter Preparations, Destruction, and Rebuilding

1 min read
Source: Al Jazeera English
Gaza's Resilience: Rising Prices, Winter Preparations, Destruction, and Rebuilding
Photo: Al Jazeera English
TL;DR Summary

Residents in the Gaza Strip are expressing anger and frustration over the steep rise in prices of basic food products following the recent conflict between Israel and Hamas. The closure of border crossings has led to wholesale merchants selling products at much higher prices, causing inflation rates of up to 2,000 percent. The poverty rate in Gaza has reached 53 percent, with one-third of residents living in extreme poverty. Unemployment is at 47 percent, and approximately 64 percent of households do not have enough food. The small amount of aid allowed into Gaza is insufficient to meet the needs of the displaced population, and the destruction of infrastructure has further crippled the economy.

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