Inflation Rate in Papua New Guinea decreased to 3.31 percent in the second quarter of 2021 from 4.65 percent in the first quarter of 2021. source: Bank of Papua New Guinea
Inflation Rate in Papua New Guinea averaged 6.85 percent from 1978 until 2021, reaching an all time high of 23.16 percent in the third quarter of 1995 and a record low of -1.61 percent in the third quarter of 2007. This page provides the latest reported value for - Papua New Guinea Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Papua New Guinea Inflation Rate - values, historical data and charts - was last updated on December of 2021.
Inflation Rate in Papua New Guinea is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Papua New Guinea Inflation Rate is projected to trend around 4.00 percent in 2022 and 3.60 percent in 2023, according to our econometric models.