Development of inflation rates in Papua New Guinea
The inflation rate for consumer prices in Papua New Guinea moved over the past 40 years between 0.9% and 17.3%. For 2019, an inflation rate of 3.6% was calculated.During the observation period from 1979 to 2019, the average inflation rate was 7.1% per year. Overall, the price increase was 1,421.85 %. An item that cost 100 Kina in 1979 was so charged 1,521.85 Kina in the beginning of 2020.
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
Performance over the last 40 years compared to the European Union
Performance based on 100% in 1978.
Inflation calculator for Papua New Guinea
Enter any amount, an initial year and an end year here. You will then be issued with the amount that arose from the original amount after inflation. Example: 1000 Kina in 1979 corresponds to an amount of 15,218.47 Kina at the beginning of 2020 due to inflation.Development of inflation rates for consumer goods in Papua New Guinea
| Jahr | Papua New Guinea | Ø European Union |
|---|---|---|
| 1979 | 5.77 % | 8.98 % |
| 1980 | 12.06 % | 13.52 % |
| 1981 | 8.05 % | 11.82 % |
| 1982 | 5.54 % | 9.47 % |
| 1983 | 7.90 % | 8.52 % |
| 1984 | 7.42 % | 7.37 % |
| 1985 | 3.71 % | 5.61 % |
| 1986 | 5.45 % | 3.55 % |
| 1987 | 3.34 % | 4.07 % |
| 1988 | 5.45 % | 4.35 % |
| 1989 | 4.48 % | 6.01 % |
| 1990 | 6.95 % | 6.30 % |
| 1991 | 6.97 % | 5.93 % |
| 1992 | 4.31 % | 5.60 % |
| 1993 | 4.97 % | 4.79 % |
| 1994 | 2.85 % | 4.71 % |
| 1995 | 17.28 % | 4.32 % |
| 1996 | 11.62 % | 3.31 % |
| 1997 | 3.96 % | 2.72 % |
| 1998 | 13.57 % | 2.40 % |
| 1999 | 14.93 % | 2.15 % |
| 2000 | 15.60 % | 3.10 % |
| 2001 | 9.30 % | 3.15 % |
| 2002 | 11.80 % | 2.31 % |
| 2003 | 14.71 % | 2.08 % |
| 2004 | 2.16 % | 2.26 % |
| 2005 | 1.78 % | 2.47 % |
| 2006 | 2.37 % | 2.60 % |
| 2007 | 0.91 % | 2.48 % |
| 2008 | 10.76 % | 4.16 % |
| 2009 | 6.92 % | 0.93 % |
| 2010 | 6.01 % | 1.53 % |
| 2011 | 4.44 % | 3.29 % |
| 2012 | 4.54 % | 2.66 % |
| 2013 | 4.96 % | 1.22 % |
| 2014 | 5.22 % | 0.20 % |
| 2015 | 6.00 % | -0.06 % |
| 2016 | 6.67 % | 0.18 % |
| 2017 | 5.42 % | 1.43 % |
| 2018 | 4.72 % | 1.74 % |
| 2019 | 3.64 % | 1.63 % |