Papua New Guinea Inflation Rate 1972-2024
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 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.
| Papua New Guinea Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
2.30% |
-2.95% |
| 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% |
2.27% |
