Cost of food in Papua New Guinea increased 2.80 percent in December of 2018 over the same month in the previous year. Food Inflation in Papua New Guinea averaged 4.23 percent from 1978 until 2018, reaching an all time high of 23.73 percent in the first quarter of 2003 and a record low of -90.40 percent in the fourth quarter of 2010.
Food Inflation in Papua New Guinea is expected to be 1.37 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Papua New Guinea to stand at 1.25 in 12 months time. In the long-term, the Papua New Guinea Food Inflation is projected to trend around 1.18 percent in 2020, according to our econometric models.