Papua New Guinea Inflation Rate 1960-2024

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 2022 was 5.25%, a 0.77% increase from 2021.
  • Papua New Guinea inflation rate for 2021 was 4.48%, a 0.39% decline from 2020.
  • Papua New Guinea inflation rate for 2020 was 4.87%, a 0.94% increase from 2019.
  • Papua New Guinea inflation rate for 2019 was 3.93%, a 0.45% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Sudan 138.81%
Sri Lanka 49.72%
Ghana 31.26%
Moldova 28.74%
Lao PDR 22.96%
Ukraine 20.18%
Pakistan 19.87%
Nigeria 18.85%
Sao Tome and Principe 18.01%
Mongolia 15.15%
Kyrgyz Republic 13.92%
Egypt 13.90%
Georgia 11.90%
Kosovo 11.58%
Uzbekistan 11.45%
Zambia 10.99%
Nicaragua 10.47%
Mauritania 9.53%
Honduras 9.09%
Tunisia 8.31%
Lesotho 8.27%
Cabo Verde 7.93%
Bangladesh 7.70%
Kenya 7.66%
El Salvador 7.20%
Vanuatu 7.10%
India 6.70%
Morocco 6.66%
Cameroon 6.25%
Philippines 5.82%
Bhutan 5.64%
Solomon Islands 5.52%
Micronesia 5.41%
Cambodia 5.34%
Papua New Guinea 5.25%
Djibouti 5.18%
Indonesia 4.21%
West Bank and Gaza 3.74%
Vietnam 3.16%
Republic of Congo 3.04%
Bolivia 1.75%
Timor-Leste 0.00%
Eswatini 0.00%
Kiribati 0.00%
Angola 0.00%
Myanmar 0.00%
Papua New Guinea Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 5.25% 0.77%
2021 4.48% -0.39%
2020 4.87% 0.94%
2019 3.93% -0.45%
2018 4.37% -1.05%
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% 6.08%
1971 0.00% 0.00%
1970 0.00% 0.00%
1969 0.00% 0.00%
1968 0.00% 0.00%
1967 0.00% 0.00%
1966 0.00% 0.00%
1965 0.00% 0.00%
1964 0.00% 0.00%
1963 0.00% 0.00%
1962 0.00% 0.00%
1961 0.00% 0.00%
1960 0.00% 0.00%