Annual Inflation Visualization (Papua New Guinea)

Source: World Bank (1961-2023)

6.87% Historical average
60.51% Maximum recorded
-4.88% Minimum recorded
63 Years of data

Historical Inflation Calculator for Papua New Guinea

Calculate how the value of money has changed between two specific years in Papua New Guinea.

Future Value Estimation

Estimate how the value of an amount of money will change in the future, given an average inflation rate.

Past Value Estimation

Estimate what the equivalent value of an amount of money would have been in the past, given an average inflation rate.

Historical inflation data for Papua New Guinea

Year Inflation (%) Change
2023 -3.62% -18.65pp
2022 15.03% +3.43pp
2021 11.60% +9.96pp
2020 1.63% +0.57pp
2019 1.06% -8.74pp
2018 9.80% +2.10pp
2017 7.70% +5.18pp
2016 2.52% +3.75pp
2015 -1.23% -6.67pp
2014 5.44% +1.85pp
2013 3.59% +4.16pp
2012 -0.57% -9.41pp
2011 8.83% -1.08pp
2010 9.92% +14.80pp
2009 -4.88% -16.54pp
2008 11.67% +8.87pp
2007 2.80% -57.72pp
2006 60.51% +48.33pp
2005 12.18% +14.17pp
2004 -1.99% -7.53pp
2003 5.54% -6.75pp
2002 12.29% +5.38pp
2001 6.91% -6.19pp
2000 13.10% +2.03pp
1999 11.07% -3.48pp
1998 14.54% +6.12pp
1997 8.43% +6.61pp
1996 1.81% -14.04pp
1995 15.85% +8.60pp
1994 7.25% +9.75pp
1993 -2.50% -5.37pp
1992 2.88% -4.12pp
1991 6.99% +2.86pp
1990 4.14% +6.68pp
1989 -2.54% -10.46pp
1988 7.92% -0.05pp
1987 7.97% +6.61pp
1986 1.36% -0.26pp
1985 1.62% -5.82pp
1984 7.44% -11.22pp
1983 18.66% +14.98pp
1982 3.68% +4.98pp
1981 -1.30% -8.39pp
1980 7.09% -9.01pp
1979 16.10% +18.13pp
1978 -2.03% -9.47pp
1977 7.44% -12.28pp
1976 19.72% +17.45pp
1975 2.27% -6.65pp
1974 8.92% -10.82pp
1973 19.74% +12.60pp
1972 7.13% +3.72pp
1971 3.41% -2.24pp
1970 5.65% +0.71pp
1969 4.94% -0.31pp
1968 5.25% -3.31pp
1967 8.56% +1.20pp
1966 7.36% +5.13pp
1965 2.23% +0.33pp
1964 1.90% +0.37pp
1963 1.53% +1.24pp
1962 0.29% +0.25pp
1961 0.04% -

About Papua New Guinea inflation

Papua New Guinea inflation measures the annual percentage change in the general level of consumer prices. This indicator is essential to understand how the purchasing power of money varies over time. Our Papua New Guinea inflation calculator allows you to visualize these changes and calculate monetary equivalences between different years.

What is inflation?

Inflation is the sustained and generalized increase in the price level of goods and services in an economy over a period of time. When inflation rises, each monetary unit buys fewer products. The inflation rate is generally measured by the Consumer Price Index (CPI), which reflects changes in the cost of a representative basket of goods and services.

How to use this inflation calculator?

Our Papua New Guinea inflation calculator offers three tools: 1) Historical calculator: enter a value and select two years to see how purchasing power has changed. 2) Future value: estimate what your money will be worth in the future with a projected inflation rate. 3) Past value: calculate the equivalent of a current amount in the past.

Data provided by the World Bank (World Bank Open Data). Data is updated annually.

Frequently Asked Questions

What is the current inflation in Papua New Guinea?
According to the latest available World Bank data, Papua New Guinea inflation in 2023 was -3.62%. This inflation rate represents the annual percentage change in the consumer price index (CPI).
How to calculate cumulative inflation in Papua New Guinea?
To calculate cumulative inflation in Papua New Guinea, use our historical calculator. Enter an initial value, select the start year and end year. The calculator will multiply the value by each year's inflation factors to give you the equivalent value and total cumulative inflation in percentage.
What was the highest inflation recorded in Papua New Guinea?
You can check Papua New Guinea's historical inflation in the chart and table on this page. The data shows the evolution of the annual inflation rate from 1961 to 2023, allowing you to identify periods of highest and lowest inflation.
How does inflation affect purchasing power?
Inflation reduces the purchasing power of money over time. For example, if inflation is 3% per year, what costs $100 today will cost $103 next year. Our inflation calculator helps you visualize exactly how much the real value of your money has changed in Papua New Guinea.
What is the historical average inflation in Papua New Guinea?
The historical average inflation in Papua New Guinea can be calculated with the data on this page. Check the statistics in the chart section where we show the historical average, as well as the maximum and minimum values recorded during the period 1961-2023.
What is the CPI and how does it relate to inflation?
The CPI (Consumer Price Index) is an indicator that measures the price variation of a basket of goods and services representative of household consumption. The inflation rate is calculated as the percentage change in the CPI between two periods. Our Papua New Guinea inflation data is based on the official CPI.