Papua New Guinea — Inflation
Inflation, Consumer Prices (Annual %) for Papua New Guinea, 1972–2025.
Inflation for Papua New Guinea was 4.42% in 2025, according to the latest World Bank data. The series covers 54 years, from 1972 to 2025. The highest recorded value was 23.17% in 1974. The lowest was 0.60% in 2024 (about 7.3× the low point). Across that span the compound annual growth rate works out to -0.60% per year.
Papua New Guinea ranks 50 of 187 economies on this measure (1 = highest), putting it in the top 27%. The median for East Asia & Pacific is 2.21%, so Papua New Guinea sits above it. It peaked in 1974 and has fallen 81% since. Over the last decade (2015–2025) the figure moved down 26%. Within East Asia & Pacific it ranks 7 of 28 economies; Solomon Islands (3.36%) is just below it. Its sharpest one-year move was up 1081% in 2008.
Data highlights
From its 1972 level: doubled by 1974.
World ranking. Climbed: 50th of 97 in 1972 → 68th of 106 in 1980 → 75th of 131 in 1990 → 18th of 163 in 2000 → 51st of 186 in 2010 → 43rd of 178 in 2020 → 42nd of 169 in 2025.
Key figures
Full history — 1972 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 4.42% | +3.8 pp |
| 2024 | 0.6% | -1.7 pp |
| 2023 | 2.3% | -3.0 pp |
| 2022 | 5.25% | +0.8 pp |
| 2021 | 4.48% | -0.4 pp |
| 2020 | 4.87% | +0.9 pp |
| 2019 | 3.93% | -0.4 pp |
| 2018 | 4.37% | -1.0 pp |
| 2017 | 5.42% | -1.3 pp |
| 2016 | 6.67% | +0.7 pp |
| 2015 | 6% | +0.8 pp |
| 2014 | 5.22% | +0.3 pp |
| 2013 | 4.96% | +0.4 pp |
| 2012 | 4.54% | +0.1 pp |
| 2011 | 4.44% | -1.6 pp |
| 2010 | 6.01% | -0.9 pp |
| 2009 | 6.92% | -3.8 pp |
| 2008 | 10.76% | +9.9 pp |
| 2007 | 0.91% | -1.5 pp |
| 2006 | 2.37% | +0.6 pp |
| 2005 | 1.78% | -0.4 pp |
| 2004 | 2.16% | -12.6 pp |
| 2003 | 14.71% | +2.9 pp |
| 2002 | 11.8% | +2.5 pp |
| 2001 | 9.3% | -6.3 pp |
| 2000 | 15.6% | +0.7 pp |
| 1999 | 14.93% | +1.4 pp |
| 1998 | 13.57% | +9.6 pp |
| 1997 | 3.96% | -7.7 pp |
| 1996 | 11.62% | -5.7 pp |
| 1995 | 17.28% | +14.4 pp |
| 1994 | 2.85% | -2.1 pp |
| 1993 | 4.97% | +0.7 pp |
| 1992 | 4.31% | -2.7 pp |
| 1991 | 6.97% | +0.0 pp |
| 1990 | 6.95% | +2.5 pp |
| 1989 | 4.48% | -1.0 pp |
| 1988 | 5.45% | +2.1 pp |
| 1987 | 3.34% | -2.1 pp |
| 1986 | 5.45% | +1.7 pp |
| 1985 | 3.71% | -3.7 pp |
| 1984 | 7.42% | -0.5 pp |
| 1983 | 7.9% | +2.4 pp |
| 1982 | 5.54% | -2.5 pp |
| 1981 | 8.05% | -4.0 pp |
| 1980 | 12.06% | +6.3 pp |
| 1979 | 5.77% | -0.0 pp |
| 1978 | 5.8% | +1.3 pp |
| 1977 | 4.53% | -3.1 pp |
| 1976 | 7.66% | -2.8 pp |
| 1975 | 10.49% | -12.7 pp |
| 1974 | 23.17% | +14.8 pp |
| 1973 | 8.34% | +2.3 pp |
| 1972 | 6.07% | — |
Frequently asked questions
What was Papua New Guinea’s Inflation in 1973?
8.34% (1973). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Papua New Guinea’s Inflation growing or shrinking?
Between 1972 and 2025 the series was shrinking overall: -27.2% in total — about 0.6% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 4.42%; 2024: 0.6%; 2023: 2.3%; 2022: 5.25%; 2021: 4.48%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.