Papua New Guinea inflation rate for 2023 was 2.30%, a 2.95% decline from 2022.
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.
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.