The inflation rate in Papua New Guinea was recorded at 3.10 percent in the first quarter of 2020.

Inflation Rate in Papua New Guinea averaged 6.91 percent from 1978 until 2020, 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. This page 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. Papua New Guinea Inflation Rate - values, historical data and charts - was last updated on October of 2020.

Inflation Rate in Papua New Guinea is expected to be 3.20 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 3.50 in 12 months time. In the long-term, the Papua New Guinea Inflation Rate is projected to trend around 3.50 percent in 2021 and 3.60 percent in 2022, according to our econometric models.

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Papua New Guinea Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.10 2.70 23.16 -1.61 1978 - 2020 percent Quarterly
2012=100

Papua New Guinea Prices Last Previous Highest Lowest Unit
Inflation Rate 3.10 2.70 23.16 -1.61 percent [+]
Food Inflation 2.40 2.40 23.73 -90.40 percent [+]
Consumer Price Index CPI 146.90 145.40 146.90 90.80 points [+]


Papua New Guinea Inflation Rate
In Papua New Guinea, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.