The average inflation rate in Papua New Guinea was forecast to increase between 2024 and 2029 by in total 0.1 percentage points. This overall increase does not happen continuously, notably not in 2027 and 2028. The inflation is estimated to amount to 4.5 percent in 2029. Following the definitions provided by the International Monetary Fund, this indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. Depicted here is the year-on-year change in said index measure, expressed in percent.
Find more key insights for the average inflation rate in countries like Vanuatu, Samoa, and New Zealand.
Papua New Guinea: Inflation rate from 1989 to 2029
(compared to the previous year)
Characteristic
Inflation rate compared to previous year
2029*
4.5%
2028*
4.5%
2027*
4.6%
2026*
4.8%
2025*
4.8%
2024*
4.43%
2023*
2.3%
2022
5.25%
2021
4.48%
2020
4.87%
2019
3.89%
2018
4.41%
2017
5.42%
2016
6.67%
2015
6%
2014
5.22%
2013
4.96%
2012
4.54%
2011
4.44%
2010
5.1%
2009
6.91%
2008
10.77%
2007
0.91%
2006
2.37%
2005
1.78%
2004
2.16%
2003
14.71%
2002
11.8%
2001
9.3%
2000
15.6%
1999
14.93%
1998
13.59%
1997
3.94%
1996
11.63%
1995
17.28%
1994
2.85%
1993
4.98%
1992
4.31%
1991
6.97%
1990
6.95%
1989
4.48%
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IMF. (October 22, 2024). Papua New Guinea: Inflation rate from 1989 to 2029 (compared to the previous year) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/731716/inflation-rate-in-papua-new-guinea/
IMF. "Papua New Guinea: Inflation rate from 1989 to 2029 (compared to the previous year)." Chart. October 22, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/731716/inflation-rate-in-papua-new-guinea/
IMF. (2024). Papua New Guinea: Inflation rate from 1989 to 2029 (compared to the previous year). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/731716/inflation-rate-in-papua-new-guinea/
IMF. "Papua New Guinea: Inflation Rate from 1989 to 2029 (Compared to The Previous Year)." Statista, Statista Inc., 22 Oct 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/731716/inflation-rate-in-papua-new-guinea/
IMF, Papua New Guinea: Inflation rate from 1989 to 2029 (compared to the previous year) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/731716/inflation-rate-in-papua-new-guinea/ (last visited November 10, 2024)
Papua New Guinea: Inflation rate from 1989 to 2029 (compared to the previous year) [Graph], IMF, October 22, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/731716/inflation-rate-in-papua-new-guinea/
