Development of inflation rates in Papua New Guinea

The inflation rate in Papua New Guinea 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.

Papua New Guinea European Union

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 %