Inflation of consumer prices in Papua New Guinea
Papua New Guinea: Inflation of consumer prices was 4.4% in 2025. ◆ Volatile
Inflation of consumer prices in Papua New Guinea, 1972–2025
Source: International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data. Measured in annual %.
Analysis
In 2025, inflation of consumer prices in Papua New Guinea stood at 4.4%.
Compared with earlier readings it is up 634.0% on the previous year and down 26.3% over ten years.
Over the whole period, inflation of consumer prices in Papua New Guinea peaked at 23.2% in 1974 and was at its lowest, 0.6%, in 2024.
Papua New Guinea ranks 53rd of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation of consumer prices in Papua New Guinea, year by year
| Year | annual % | Change |
|---|---|---|
| 1972 | 6.1% | — |
| 1973 | 8.3% | +37.3% |
| 1974 | 23.2% | +177.7% |
| 1975 | 10.5% | -54.7% |
| 1976 | 7.7% | -27.0% |
| 1977 | 4.5% | -40.9% |
| 1978 | 5.8% | +28.1% |
| 1979 | 5.8% | -0.6% |
| 1980 | 12.1% | +109.2% |
| 1981 | 8.1% | -33.2% |
| 1982 | 5.5% | -31.3% |
| 1983 | 7.9% | +42.8% |
| 1984 | 7.4% | -6.1% |
| 1985 | 3.7% | -50.0% |
| 1986 | 5.5% | +47.0% |
| 1987 | 3.3% | -38.8% |
| 1988 | 5.4% | +63.1% |
| 1989 | 4.5% | -17.7% |
| 1990 | 7.0% | +55.2% |
| 1991 | 7.0% | +0.2% |
| 1992 | 4.3% | -38.1% |
| 1993 | 5.0% | +15.4% |
| 1994 | 2.9% | -42.6% |
| 1995 | 17.3% | +505.8% |
| 1996 | 11.6% | -32.7% |
| 1997 | 4.0% | -65.9% |
| 1998 | 13.6% | +242.4% |
| 1999 | 14.9% | +10.0% |
| 2000 | 15.6% | +4.4% |
| 2001 | 9.3% | -40.4% |
| 2002 | 11.8% | +26.9% |
| 2003 | 14.7% | +24.7% |
| 2004 | 2.2% | -85.3% |
| 2005 | 1.8% | -17.5% |
| 2006 | 2.4% | +33.0% |
| 2007 | 0.9% | -61.5% |
| 2008 | 10.8% | +1080.8% |
| 2009 | 6.9% | -35.7% |
| 2010 | 6.0% | -13.1% |
| 2011 | 4.4% | -26.2% |
| 2012 | 4.5% | +2.2% |
| 2013 | 5.0% | +9.3% |
| 2014 | 5.2% | +5.3% |
| 2015 | 6.0% | +14.8% |
| 2016 | 6.7% | +11.3% |
| 2017 | 5.4% | -18.8% |
| 2018 | 4.4% | -19.3% |
| 2019 | 3.9% | -10.2% |
| 2020 | 4.9% | +24.0% |
| 2021 | 4.5% | -8.0% |
| 2022 | 5.3% | +17.2% |
| 2023 | 2.3% | -56.2% |
| 2024 | 0.6% | -73.8% |
| 2025 | 4.4% | +634.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.0% | 4.5% | 23.2% | 8 |
| 1980s | 6.3% | 3.3% | 12.1% | 10 |
| 1990s | 8.7% | 2.9% | 17.3% | 10 |
| 2000s | 7.6% | 0.9% | 15.6% | 10 |
| 2010s | 5.2% | 3.9% | 6.7% | 10 |
| 2020s | 3.7% | 0.6% | 5.3% | 6 |
Countries ranked near Papua New Guinea
More economy & growth data for Papua New Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.0165 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 47.98 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.0635 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 184.85 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0146 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 42.52 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 110.76 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 0.6313 % change on previous year (2024)
Frequently asked questions
- What is inflation of consumer prices in Papua New Guinea?
- Inflation of consumer prices in Papua New Guinea was 4.4% in 2025, according to International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest inflation of consumer prices recorded in Papua New Guinea?
- The highest recorded value was 23.2% in 1974.
- What is the lowest inflation of consumer prices recorded in Papua New Guinea?
- The lowest recorded value was 0.6% in 2024.
- How does Papua New Guinea rank for inflation of consumer prices?
- Papua New Guinea ranks 53rd out of 190 countries with data for 2025.
- Is inflation of consumer prices rising or falling in Papua New Guinea?
- Over the last ten years it is down 26.3%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Inflation of consumer prices. Statizoid updates them automatically from the source API.
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About this data
Annual changes in the cost to the average consumer of acquiring a set basket of goods and services. This measure is used to track changes in living costs over time.