As regards the headline consumer price index I utilised the expression of a protracted period of high level of inflation, which will be progressively reduced, in the course of the year, to go down over the medium term to our definition of price stability.
In summary, it seems that UNCDF, through PFIP has been very busy! We would like to acknowledge the EU in particular for supporting the second phase of PFIP’s work in Papua New Guinea through the RED 2 Programme, without which, many of the abovementioned achievements would not have been possible.