Inflation in Papua New Guinea
Consumer price inflation averaged 5.1% in the ten years to 2022 in Papua New Guinea. The 2022 average figure was 5.3%. For more inflation information, visit our dedicated page.
Papua New Guinea Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Papua New Guinea from 2014 to 2023.
Source: Macrobond.
Papua New Guinea Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.9 | 4.9 | 4.5 | 5.3 | 2.3 |
| Inflation (CPI, ann. var. %, eop) | 2.7 | 5.1 | 5.7 | 3.4 | 3.9 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Papua New Guinean inflation projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Papua New Guinean inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Papua New Guinean inflation projections.
Want to get access to the full dataset of Papua New Guinean inflation forecasts? Send an email to info@focus-economics.com.