Annual inflation, consumer prices in Papua New Guinea

Papua New Guinea: Annual inflation, consumer prices was 0.6% in 2024. β—† Volatile

Latest (2024)
0.6%
Change on year
down 73.8%
World rank
158th
of 173 countries
All-time high
15.6%
in 2000
All-time low
0.6%
in 2024
Years of data
25
2000–2024

Annual inflation, consumer prices in Papua New Guinea, 2000–2024

0510152000201220242000: 15.6 %2001: 9.3 %2002: 11.8 %2003: 14.7 %2004: 2.2 %2005: 1.8 %2006: 2.4 %2007: 0.911 %2008: 10.8 %2009: 6.9 %2010: 6 %2011: 4.4 %2012: 4.5 %2013: 5 %2014: 5.2 %2015: 6 %2016: 6.7 %2017: 5.4 %2018: 4.4 %2019: 3.9 %2020: 4.9 %2021: 4.5 %2022: 5.3 %2023: 2.3 %2024: 0.602 %

Source: United Nations Statistics Division, SDG Global Database. Measured in %.

Analysis

In 2024, annual inflation, consumer prices in Papua New Guinea stood at 0.6%. That is the lowest value across all 25 years on record.

The figure is down 73.8% on the previous year and down 88.5% over ten years.

Over the whole period, annual inflation, consumer prices in Papua New Guinea peaked at 15.6% in 2000 and was at its lowest, 0.6%, in 2024.

That places Papua New Guinea 158th out of 173 countries with data for 2024, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 7.6% 0.9% 15.6% 10
2010s 5.2% 3.9% 6.7% 10
2020s 3.5% 0.6% 5.3% 5

Countries ranked near Papua New Guinea

  1. 155 Senegal 0.8% compare
  2. 156 Lithuania, Republic of 0.7% compare
  3. 157 Panama 0.7% compare
  4. 159 Oman 0.6% compare
  5. 160 New Caledonia 0.6% compare
  6. 161 Trinidad and Tobago 0.5% compare

See the full ranking of 223 places β†’

More development goals data for Papua New Guinea

All data for Papua New Guinea β†’

Frequently asked questions

What is annual inflation, consumer prices in Papua New Guinea?
Annual inflation, consumer prices in Papua New Guinea was 0.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest annual inflation, consumer prices recorded in Papua New Guinea?
The highest recorded value was 15.6% in 2000.
What is the lowest annual inflation, consumer prices recorded in Papua New Guinea?
The lowest recorded value was 0.6% in 2024.
How does Papua New Guinea rank for annual inflation, consumer prices?
Papua New Guinea ranks 158th out of 173 countries with data for 2024.
Is annual inflation, consumer prices rising or falling in Papua New Guinea?
Over the last ten years it is down 88.5%. The long-run trend across the full record is volatile.
Where does this Papua New Guinea data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.

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Annual inflation, consumer prices in Papua New Guinea. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 19 August 2026, from https://development-goals.statizoid.com/stat/annual-inflation-consumer-prices-percent/papua-new-guinea/

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About this data

Indicator
Annual inflation, consumer prices (%)
Unit
%
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
223 places, 5,311 data points, 2000–2024
Last refreshed