Inflation Rate (CPI): Papua New Guinea
Papua New Guinea's inflation rate (cpi) is currently 4.6% as of 2026. # Papua New Guinea Inflation Rate (CPI) Papua New Guinea's inflation rate stands at 4.
Current (2026)
4.6%
-4.2% y/y
Peak (1995)
17.3%
Low (2024)
0.6%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Inflation Rate (CPI) — Papua New Guinea
1980 — 2026
Inflation Rate (CPI) — Papua New Guinea
Analysis# Papua New Guinea Inflation Rate (CPI)
Papua New Guinea's inflation rate stands at 4.6% in 2026, reflecting moderate price growth in the economy. The current level sits well below the country's all-time peak of 17.3% recorded in 1995, though notably above the recent low of 0.6% in 2024. Since 1980, the inflation rate has declined 62.0% overall, indicating substantial disinflation across the four-decade span.
Recent years reveal significant volatility in PNG's price dynamics. A dramatic drop to 0.6% in 2024 marked the lowest inflation point in the entire dataset, but the rate rebounded sharply to 4.8% in 2025 before moderating slightly to 4.6% in 2026. This rebound pattern suggests the economy is settling into a mid-range inflation band after experiencing deflationary pressures, with the forecast trajectory indicating stabilization around current levels moving forward.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 4.5% | +0.00% |
| 2029 | 4.5% | -2.17% |
| 2028 | 4.6% | +0.00% |
| 2027 | 4.6% | +0.00% |
| 2026 | 4.6% | -4.17% |
| 2025 | 4.8% | +700.00% |
| 2024 | 0.6% | -73.91% |
| 2023 | 2.3% | -56.60% |
| 2022 | 5.3% | +17.78% |
| 2021 | 4.5% | -8.16% |
| 2020 | 4.9% | +25.64% |
| 2019 | 3.9% | -11.36% |
| 2018 | 4.4% | -18.52% |
| 2017 | 5.4% | -19.40% |
| 2016 | 6.7% | +11.67% |
| 2015 | 6.0% | +15.38% |
| 2014 | 5.2% | +4.00% |
| 2013 | 5.0% | +11.11% |
| 2012 | 4.5% | +2.27% |
| 2011 | 4.4% | -13.73% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 5.1% | -26.09% |
| 2009 | 6.9% | -36.11% |
| 2008 | 10.8% | +1100.00% |
| 2007 | 0.9% | -62.50% |
| 2006 | 2.4% | +33.33% |
| 2005 | 1.8% | -18.18% |
| 2004 | 2.2% | -85.03% |
| 2003 | 14.7% | +24.58% |
| 2002 | 11.8% | +26.88% |
| 2001 | 9.3% | -40.38% |
| 2000 | 15.6% | +4.70% |
| 1999 | 14.9% | +9.56% |
| 1998 | 13.6% | +248.72% |
| 1997 | 3.9% | -66.38% |
| 1996 | 11.6% | -32.95% |
| 1995 | 17.3% | +517.86% |
| 1994 | 2.8% | -44.00% |
| 1993 | 5.0% | +16.28% |
| 1992 | 4.3% | -38.57% |
| 1991 | 7.0% | +0.00% |
| 1990 | 7.0% | +55.56% |
| 1989 | 4.5% | -16.67% |
| 1988 | 5.4% | +63.64% |
| 1987 | 3.3% | -40.00% |
| 1986 | 5.5% | +48.65% |
| 1985 | 3.7% | -50.00% |
| 1984 | 7.4% | -6.33% |
| 1983 | 7.9% | +43.64% |
| 1982 | 5.5% | -32.10% |
| 1981 | 8.1% | -33.06% |
| 1980 | 12.1% | — |
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