Inflation rates by country and year

0%5.8%11.6%17.4%23.2%
0%5.8%11.6%17.4%23.2%
19726.1%
199813.6%
20254.4%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate4.4%

Behind the curve

Turning points in Papua New Guinea

  1. 1973↑ Upward pressure

    The first oil shock — Wikipedia (opens in a new tab)

    Papua New Guinea's dependence on imported goods made it vulnerable to the 1973 shock, which raised costs and inflation into the mid-1970s.

    Bank of Papua New Guinea
  2. 2008↑ Upward pressure

    The world food price crisis — Wikipedia (opens in a new tab)

    The 2007–08 global food and fuel surge pushed Papua New Guinea's inflation to a peak in 2008.

    Bank of Papua New Guinea
  3. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Higher global food and fuel prices lifted Papua New Guinea's inflation in 2022.

    Bank of Papua New Guinea

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Papua New Guinea?

The annual inflation rate in Papua New Guinea was 4.4% in 2025, the most recent year in the World Bank dataset. That means prices rose 4.4% on average compared with the year before. Use the chart above to explore Papua New Guinea's full inflation history from 1972 to 2025, and to compare it with any other country.

How inflation in Papua New Guinea has changed

Inflation in Papua New Guinea peaked at 23.2% in 1974 and reached its lowest point at 0.6% in 2024. Averaged across the 54 years of available data (1972–2025), the rate has been 6.9% per year.

Frequently asked questions about inflation in Papua New Guinea

What is the current inflation rate in Papua New Guinea?

The latest available annual figure is 4.4% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Papua New Guinea's statistical office.

What was the highest inflation rate in Papua New Guinea?

The highest annual inflation rate on record is 23.2%, reached in 1974.

What was the lowest inflation rate in Papua New Guinea?

The lowest annual inflation rate on record is 0.6%, recorded in 2024.

Where does the inflation data for Papua New Guinea come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.