Papua New Guinea Inflation Rate 1972-2020

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Papua New Guinea inflation rate for 2019 was 3.64%, a 1.08% decline from 2018.
  • Papua New Guinea inflation rate for 2018 was 4.72%, a 0.7% decline from 2017.
  • Papua New Guinea inflation rate for 2017 was 5.42%, a 1.25% decline from 2016.
  • Papua New Guinea inflation rate for 2016 was 6.67%, a 0.68% increase from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Sudan 50.99%
Angola 17.15%
Nigeria 11.40%
Pakistan 10.58%
Zambia 9.15%
Myanmar 8.83%
Ukraine 7.89%
India 7.66%
Mongolia 7.30%
Ghana 7.18%
Tunisia 6.72%
Bangladesh 5.59%
Nicaragua 5.38%
Lesotho 5.19%
Georgia 4.85%
Moldova 4.84%
Honduras 4.37%
Papua New Guinea 3.64%
Sri Lanka 3.53%
Lao PDR 3.32%
Djibouti 3.32%
Indonesia 3.03%
Vietnam 2.80%
Vanuatu 2.76%
Bhutan 2.73%
Kosovo 2.68%
Philippines 2.48%
Cameroon 2.45%
Mauritania 2.30%
Congo, Rep. 2.21%
Bolivia 1.84%
Solomon Islands 1.63%
West Bank and Gaza 1.58%
Kyrgyz Republic 1.13%
Cabo Verde 1.11%
Morocco 0.20%
El Salvador 0.08%
Papua New Guinea Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2019 3.64% -1.08%
2018 4.72% -0.70%
2017 5.42% -1.25%
2016 6.67% 0.68%
2015 6.00% 0.77%
2014 5.22% 0.26%
2013 4.96% 0.42%
2012 4.54% 0.10%
2011 4.44% -1.57%
2010 6.01% -0.90%
2009 6.92% -3.84%
2008 10.76% 9.85%
2007 0.91% -1.46%
2006 2.37% 0.59%
2005 1.78% -0.38%
2004 2.16% -12.55%
2003 14.71% 2.91%
2002 11.80% 2.50%
2001 9.30% -6.30%
2000 15.60% 0.66%
1999 14.93% 1.36%
1998 13.57% 9.61%
1997 3.96% -7.66%
1996 11.62% -5.66%
1995 17.28% 14.43%
1994 2.85% -2.12%
1993 4.97% 0.66%
1992 4.31% -2.66%
1991 6.97% 0.01%
1990 6.95% 2.47%
1989 4.48% -0.96%
1988 5.45% 2.11%
1987 3.34% -2.12%
1986 5.45% 1.74%
1985 3.71% -3.71%
1984 7.42% -0.48%
1983 7.90% 2.37%
1982 5.54% -2.52%
1981 8.05% -4.01%
1980 12.06% 6.30%
1979 5.77% -0.03%
1978 5.80% 1.27%
1977 4.53% -3.13%
1976 7.66% -2.83%
1975 10.49% -12.68%
1974 23.17% 14.82%
1973 8.34% 2.27%
1972 6.08% 2.27%