Inflation, consumer prices (annual %) - Oceania
Definition: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
Description: The map below shows how Inflation, consumer prices (annual %) varies by country in Oceania. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the region is Papua New Guinea, with a value of 6.01. The country with the lowest value in the region is Tonga, with a value of -1.05.
Source: International Monetary Fund, International Financial Statistics and data files.
Aggregation method: Median