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.

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Inflation developments of the past 36 years compared to the European Union

Performance based on 100\% in 1979.



      Papua New Guinea       European Union


JahrPapua New GuineaØ European Union
198012.06 %13.52 %
19818.05 %12.01 %
19825.54 %9.57 %
19837.90 %8.67 %
19847.42 %7.67 %
19853.71 %5.83 %
19865.45 %3.72 %
19873.34 %3.99 %
19885.45 %4.55 %
19894.48 %5.73 %
19906.95 %6.30 %
19916.97 %5.94 %
19924.31 %5.08 %
19934.97 %4.61 %
19942.85 %4.71 %
199517.28 %4.27 %
199611.62 %3.34 %
19973.96 %2.65 %
199813.57 %2.41 %
199914.93 %2.17 %
200015.60 %3.16 %
20019.30 %3.15 %
200211.80 %2.31 %
200314.71 %2.10 %
20042.16 %2.26 %
20051.78 %2.48 %
20062.37 %2.60 %
20070.91 %2.63 %
200810.76 %4.20 %
20096.92 %0.95 %
20106.01 %1.67 %
20114.44 %3.31 %
20124.54 %2.72 %
20134.96 %1.39 %
20145.21 %0.22 %
20156.01 %-0.06 %
20166.67 %0.22 %