Development of inflation rates in Papua New Guinea
The inflation rate in Germany moved over the past years between 0.9% and 17.3%. For 2016, an inflation rate of 6.7% was calculated.During the observation period from 1980 to 2016, the average inflation rate was 7.4% per year. Overall, the price increase was 1,157.60 %. An item that cost 100 Kina in 1979 was 2016 so charged 1,257.60 Kina.
In only a very few countries, the price increase is that high. The rate of 17.3% in 1995 means, that compared to the previous year all prices have been increased by an average of 17.3%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.
Back to overview: Papua New Guinea
Inflation developments of the past 36 years compared to the European Union
Performance based on 100% in 1979.| Jahr | Papua New Guinea | Ø European Union |
|---|---|---|
| 1980 | 12.06 % | 13.52 % |
| 1981 | 8.05 % | 12.01 % |
| 1982 | 5.54 % | 9.57 % |
| 1983 | 7.90 % | 8.67 % |
| 1984 | 7.42 % | 7.67 % |
| 1985 | 3.71 % | 5.83 % |
| 1986 | 5.45 % | 3.72 % |
| 1987 | 3.34 % | 3.99 % |
| 1988 | 5.45 % | 4.55 % |
| 1989 | 4.48 % | 5.73 % |
| 1990 | 6.95 % | 6.30 % |
| 1991 | 6.97 % | 5.94 % |
| 1992 | 4.31 % | 5.08 % |
| 1993 | 4.97 % | 4.61 % |
| 1994 | 2.85 % | 4.71 % |
| 1995 | 17.28 % | 4.27 % |
| 1996 | 11.62 % | 3.34 % |
| 1997 | 3.96 % | 2.65 % |
| 1998 | 13.57 % | 2.41 % |
| 1999 | 14.93 % | 2.17 % |
| 2000 | 15.60 % | 3.16 % |
| 2001 | 9.30 % | 3.15 % |
| 2002 | 11.80 % | 2.31 % |
| 2003 | 14.71 % | 2.10 % |
| 2004 | 2.16 % | 2.26 % |
| 2005 | 1.78 % | 2.48 % |
| 2006 | 2.37 % | 2.60 % |
| 2007 | 0.91 % | 2.63 % |
| 2008 | 10.76 % | 4.20 % |
| 2009 | 6.92 % | 0.95 % |
| 2010 | 6.01 % | 1.67 % |
| 2011 | 4.44 % | 3.31 % |
| 2012 | 4.54 % | 2.72 % |
| 2013 | 4.96 % | 1.39 % |
| 2014 | 5.21 % | 0.22 % |
| 2015 | 6.01 % | -0.06 % |
| 2016 | 6.67 % | 0.22 % |