Papua New Guinea Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Papua New Guinea's inflation rate was 4.79% in 2025, ranked 46th globally. This represents a 695.5% increase from 2024. Data from World Bank, covering 1972–2025.
Overview
Papua New Guinea's inflation rate stood at 4.79% in 2025, a rise of +4.19pp from 2024. The IMF projects 4.79% by 2025. Papua New Guinea ranked 46th globally.
Papua New Guinea has experienced a significant decline in inflation rates over the past decade, with the all-time trough of 0.60% recorded in 2024, making it one of the lowest inflation rates globally. This is a stark contrast to the all-time peak of 23.17% in 1974, during a period of economic instability. Since then, the country has made efforts to stabilize its economy, with the inflation rate gradually decreasing to 4.79% as of 2025, ranking 46th globally. When compared to its peer countries, Papua New Guinea's inflation rate is relatively lower than that of Mozambique, which recorded a rate of 4.90% in 2025. The decline in inflation rate is a positive sign for the country's economic stability, but a sustained period of low oil prices or a decline in global commodity prices could potentially lead to further downward pressure on inflation, potentially changing the trajectory of the country's economic trajectory.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 4.50% | - | - |
| 2029* IMF | 4.50% | - | - |
| 2028* IMF | 4.60% | - | - |
| 2027* IMF | 4.60% | - | - |
| 2026* IMF | 4.60% | - | - |
| 2025* IMF | 4.79% | - | - |
| 2025 | 4.79% | +4.19pp | #46 |
| 2024 | 0.60% | −1.70pp | #14 |
| 2023 | 2.30% | −2.95pp | #23 |
| 2022 | 5.25% | +0.77pp | #46 |
| 2021 | 4.48% | −0.39pp | #122 |
| 2020 | 4.87% | +0.98pp | #148 |
| 2019 | 3.93% | −0.48pp | #148 |
| 2018 | 4.37% | −1.05pp | #149 |
| 2017 | 5.42% | −1.25pp | #153 |
| 2016 | 6.67% | +0.68pp | #163 |
| 2015 | 6.00% | +0.77pp | #161 |
| 2014 | 5.22% | +0.26pp | #150 |
| 2013 | 4.96% | +0.42pp | #138 |
| 2012 | 4.54% | +0.10pp | #120 |
| 2011 | 4.44% | −0.66pp | #91 |
Detected Pattern
Analysis
Papua New Guinea matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
Papua New Guinea's inflation rate was 4.79% in 2025. Ranked 46th globally. This represents a 695.5% increase from the previous year.
Papua New Guinea's inflation rate peaked at 23.17% in 1974.
The lowest inflation rate in Papua New Guinea was 0.60% in 2024.
Papua New Guinea ranks 46th globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Papua New Guinea's inflation rate is projected to reach 4.79% by 2025 based on IMF projection.
The inflation rate of Papua New Guinea in 2025 was 4.79%. This ranks 46th in the world.
Cite this page
@misc{historysaid_papua-new-guinea_inflation-rate,
title = {Papua New Guinea Inflation Rate},
url = {https://historysaid.com/papua-new-guinea/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}