Cost of food in Papua New Guinea increased 2.40 percent in March of 2020 over the same month in the previous year.
Food Inflation in Papua New Guinea averaged 4.19 percent from 1978 until 2020, reaching an all time high of 23.73 percent in the first quarter of 2003 and a record low of -90.40 percent in the fourth quarter of 2010. This page 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. Papua New Guinea Food Inflation - values, historical data and charts - was last updated on October of 2020.
Food Inflation in Papua New Guinea is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Papua New Guinea to stand at 3.10 in 12 months time. In the long-term, the Papua New Guinea Food Inflation is projected to trend around 3.60 percent in 2021 and 3.30 percent in 2022, according to our econometric models.