In 2024, the average inflation rate in Papua New Guinea was estimated at about 0.59 percent. Between 1980 and 2024, the figure dropped by approximately 11.47 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the inflation will rise by around 3.91 percentage points, showing an overall upward trend with periodic ups and downs.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

Inflation Rate in Papua New Guinea increased to 5.28 percent in the first quarter of 2025 from 0.67 percent in the fourth quarter of 2024. This dataset provides the latest reported value for - Papua New Guinea Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Cost of food in Papua New Guinea increased 6.30 percent in March of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Papua New Guinea Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Papua New Guinea was 5.28 percent. That number was released in . It shows an increase from the inflation rate in the previous quarter when it stood at 0.67 percent. Compared to a year ago, we see an increase...

Historical dataset showing Papua New Guinea inflation rate by year from 1972 to 2024.

Inflation, consumer prices (annual %) in Papua New Guinea was reported at 0.6024 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Papua New Guinea - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Papua New Guinea: Inflation: percent change in the Consumer Price Index: The latest value from 2024 is 0.6 percent, a decline from 2.3 percent in 2023. In comparison, the world average is 6.0 percent, based on data from 155 countries. Historically, the average for Papua New Guinea from 1972 to 2024 is 7 percent. The minimum value, 0.6 percent, was reached in 2024 while the maximum of 23.2 percent was recorded in 1974.

Papua New Guinea PG: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 5.514 % in 2017. This records a decrease from the previous number of 7.111 % for 2016. Papua New Guinea PG: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 6.227 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 15.851 % in 1995 and a record low of -4.883 % in 2009. Papua New Guinea PG: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Papua New Guinea – Table PG.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Inflation, monthly percent change in the CPI in Papua New Guinea, December, 2024 The most recent value is 2.67 percent as of Q4 2024, an increase compared to the previous value of 0.88 percent. Historically, the average for Papua New Guinea from Q3 2012 to Q4 2024 is 1.13 percent. The minimum of -2.13 percent was recorded in Q1 2024, while the maximum of 3.77 percent was reached in Q2 2020. | TheGlobalEconomy.com

Consumer Price Index CPI in Papua New Guinea increased to 178.80 points in the first quarter of 2025 from 174.70 points in the fourth quarter of 2024. This dataset provides - Papua New Guinea Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Time series data for the statistic Inflation_Rate and country Papua New Guinea. Indicator Definition: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.The statistic "Inflation Rate" stands at 0.6024 percent as of 12/31/2024, the lowest value at least since 12/31/1973, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -1.70 percentage points compared to the value the year prior.The 1 year change in percentage points is -1.70.The 3 year change in percentage points is -3.88.The 5 year change in percentage points is -3.33.The 10 year change in percentage points is -4.62.The Serie's long term average value is 6.94 percent. It's latest available value, on 12/31/2024, is 6.34 percentage points lower, compared to it's long term average value.The Serie's change in percentage points from it's minimum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is +0.0.The Serie's change in percentage points from it's maximum value, on 12/31/1974, to it's latest available value, on 12/31/2024, is -22.56.

Papua New Guinea: Inflation forecast: The latest value from 2030 is 4.5 percent, unchanged from 4.5 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Papua New Guinea from 1984 to 2030 is 6.11 percent. The minimum value, -0.95 percent, was reached in 2006 while the maximum of 21.81 percent was recorded in 1998.

In 2021, the inflation rate in Samoa was estimated at negative ***** percent. In comparison, the inflation rate in Papua New Guinea was estimated at *** percent in 2021 and was forecasted to fall to *** percent by 2023.

Inflation, GDP deflator: linked series (annual %) in Papua New Guinea was reported at 7.9454 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Papua New Guinea - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Papua New Guinea PG: Real Interest Rate data was reported at 1.539 % pa in 2016. This records a decrease from the previous number of 13.372 % pa for 2015. Papua New Guinea PG: Real Interest Rate data is updated yearly, averaging 5.923 % pa from Dec 1983 (Median) to 2016, with 34 observations. The data reached an all-time high of 17.752 % pa in 1989 and a record low of -32.984 % pa in 2006. Papua New Guinea PG: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Papua New Guinea – Table PG.World Bank: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

This scatter chart displays inflation (annual %) against fertility rate (births per woman) in Papua New Guinea. The data is filtered where the date is 2021. The data is about countries per year.

This scatter chart displays inflation (annual %) against renewable energy consumption (% of total final energy consumption) in Papua New Guinea. The data is filtered where the date is 2021. The data is about countries per year.

GDP deflator of Papua New Guinea plummeted by 283.00% from -4.3 % in 2023 to 7.9 % in 2024. Since the 29.61% surge in 2022, GDP deflator sank by 47.13% in 2024. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Papouasie-Nouvelle-Guinée was 5.28 pour cent. That number was released in . It shows an increase from the inflation rate in the previous quarter when it stood at 0.67 pour cent. Compared to a year ago, we...

Papua New Guinea PG: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 2,410.000 USD in 2017. This records a decrease from the previous number of 2,530.000 USD for 2016. Papua New Guinea PG: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 695.000 USD from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 3,010.000 USD in 2014 and a record low of 130.000 USD in 1963. Papua New Guinea PG: GDP: USD: Gross National Income per Capita: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Papua New Guinea – Table PG.World Bank: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;