The inflation rate in Papua New Guinea was recorded at 4 percent in the second quarter of 2019. Inflation Rate in Papua New Guinea averaged 6.97 percent from 1978 until 2019, reaching an all time high of 23.16 percent in the third quarter of 1995 and a record low of -1.61 percent in the third quarter of 2007.
Inflation Rate in Papua New Guinea is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Papua New Guinea to stand at 4.50 in 12 months time. In the long-term, the Papua New Guinea Inflation Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.