Papua New Guinea - Inflation, consumer prices (annual %) 1972 - 2021
Papua New Guinea's inflation, consumer prices (annual %) is currently 4.48%, according to the most recent World Bank data for the country (2021).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Papua New Guinea's inflation, consumer prices (annual %) for 2021 was 4.484%, a -7.97% increase from 2020, with a -1 difference.
- In 2020 it was 4.872%, a 24.00% increase from 2019.
- In 2019 it was 3.929%, a -10.19% increase from 2018.
- In 2018 it was 4.374%, a -19.32% increase from 2017.
- In 2017 it was 5.422%, a -18.76% increase from 2016.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Papua New Guinea is currently 7.1978% (average of years with recorded data) with a lowest recorded value of 0.9114% in 2007 and a highest value of 23.1673% in 1974.
Papua New Guinea's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1972 | 6.075% | |
| 1973 | 8.343% | 37.34% |
| 1974 | 23.167% | 177.68% |
| 1975 | 10.491% | -54.72% |
| 1976 | 7.657% | -27.02% |
| 1977 | 4.529% | -40.85% |
| 1978 | 5.8% | 28.08% |
| 1979 | 5.766% | -0.59% |
| 1980 | 12.064% | 109.25% |
| 1981 | 8.054% | -33.24% |
| 1982 | 5.535% | -31.28% |
| 1983 | 7.902% | 42.76% |
| 1984 | 7.421% | -6.09% |
| 1985 | 3.71% | -50.00% |
| 1986 | 5.454% | 46.99% |
| 1987 | 3.337% | -38.80% |
| 1988 | 5.445% | 63.15% |
| 1989 | 4.48% | -17.72% |
| 1990 | 6.953% | 55.19% |
| 1991 | 6.966% | 0.18% |
| 1992 | 4.31% | -38.13% |
| 1993 | 4.974% | 15.42% |
| 1994 | 2.853% | -42.65% |
| 1995 | 17.281% | 505.77% |
| 1996 | 11.624% | -32.73% |
| 1997 | 3.964% | -65.90% |
| 1998 | 13.574% | 242.40% |
| 1999 | 14.932% | 10.00% |
| 2000 | 15.596% | 4.44% |
| 2001 | 9.298% | -40.38% |
| 2002 | 11.799% | 26.90% |
| 2003 | 14.709% | 24.66% |
| 2004 | 2.159% | -85.32% |
| 2005 | 1.781% | -17.51% |
| 2006 | 2.368% | 33.00% |
| 2007 | 0.911% | -61.52% |
| 2008 | 10.761% | 1,080.82% |
| 2009 | 6.918% | -35.71% |
| 2010 | 6.014% | -13.08% |
| 2011 | 4.441% | -26.15% |
| 2012 | 4.537% | 2.17% |
| 2013 | 4.96% | 9.33% |
| 2014 | 5.222% | 5.28% |
| 2015 | 5.996% | 14.82% |
| 2016 | 6.674% | 11.30% |
| 2017 | 5.422% | -18.76% |
| 2018 | 4.374% | -19.32% |
| 2019 | 3.929% | -10.19% |
| 2020 | 4.872% | 24.00% |
| 2021 | 4.484% | -7.97% |
Expand
Comparison with Countries in the East Asia & Pacific Region.
Among countries in the same World Bank East Asia & Pacific (EAP) region, Papua New Guinea comes in 17th with 4.484% inflation, consumer prices (annual %).
- Within the same region, New Zealand comes in 7th with 7.172%, inflation, consumer prices (annual %).
- Australia comes in 8th with 6.594%.
- Singapore comes in 9th with 6.121%.
- Thailand comes in 10th with 6.077%.
- Philippines comes in 11th with 5.821%.
- Solomon Islands comes in 12th with 5.518%.
- Micronesia, Fed. Sts. comes in 13th with 5.409%.
- Cambodia comes in 14th with 5.344%.
- Korea, Rep. comes in 15th with 5.088%.
- Fiji comes in 16th with 4.52%.
- Indonesia comes in 18th with 4.209%.
- Brunei Darussalam comes in 19th with 3.682%.
- Malaysia comes in 20th with 3.379%.
- Vietnam comes in 21st with 3.157%.
- Japan comes in 22nd with 2.498%.
- Vanuatu comes in 23rd with 2.343%.
- China comes in 24th with 1.974%.
- Hong Kong SAR, China comes in 25th with 1.881%.
- Macao SAR, China comes in 26th with 1.045%.
- And Timor-Leste comes in 27th with 0.959%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the East Asia & Pacific Region.
Top 10 Countries in the East Asia & Pacific Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lao PDR | 22.96% | 2022 |
| 2 | Mongolia | 15.15% | 2022 |
| 3 | Palau | 12.35% | 2022 |
| 4 | Tonga | 10.97% | 2022 |
| 5 | Samoa | 10.96% | 2022 |
| 6 | Myanmar | 8.83% | 2019 |
| 7 | New Zealand | 7.17% | 2022 |
| 8 | Australia | 6.59% | 2022 |
| 9 | Singapore | 6.12% | 2022 |
| 10 | Thailand | 6.08% | 2022 |
Comparison with Countries in the Lower middle income Group.
Among countries in the same World Bank Lower middle income (LMI) group, Papua New Guinea comes in 41st with 4.484% inflation, consumer prices (annual %).
- Within the same income group, Morocco comes in 31st with 6.657%, inflation, consumer prices (annual %).
- Cameroon comes in 32nd with 6.248%.
- Tajikistan comes in 33rd with 6.005%.
- Philippines comes in 34th with 5.821%.
- Bhutan comes in 35th with 5.639%.
- Solomon Islands comes in 36th with 5.518%.
- Micronesia, Fed. Sts. comes in 37th with 5.409%.
- Cambodia comes in 38th with 5.344%.
- Cote d'Ivoire comes in 39th with 5.276%.
- Djibouti comes in 40th with 5.18%.
- Tanzania comes in 42nd with 4.35%.
- Jordan comes in 43rd with 4.229%.
- Nepal comes in 44th with 4.088%.
- Vietnam comes in 45th with 3.157%.
- Congo, Rep. comes in 46th with 3.043%.
- Eswatini comes in 47th with 2.598%.
- Vanuatu comes in 48th with 2.343%.
- Cabo Verde comes in 49th with 1.862%.
- Bolivia comes in 50th with 1.746%.
- And Benin comes in 51st with 1.351%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Lower middle income Group.
Top 14 Countries in the Lower middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lebanon | 154.756% | 2021 |
| 2 | Zimbabwe | 104.705% | 2022 |
| 3 | Sri Lanka | 49.721% | 2022 |
| 4 | Iran, Islamic Rep. | 43.389% | 2021 |
| 5 | Haiti | 33.984% | 2022 |
| 6 | Ghana | 31.256% | 2022 |
| 7 | Angola | 25.754% | 2021 |
| 8 | Lao PDR | 22.956% | 2022 |
| 9 | Ukraine | 20.184% | 2022 |
| 10 | Pakistan | 19.874% | 2022 |
| 11 | Nigeria | 18.847% | 2022 |
| 12 | Sao Tome and Principe | 18.006% | 2022 |
| 13 | Mongolia | 15.148% | 2022 |
| 14 | Kyrgyz Republic | 13.923% | 2022 |