USD and Kina Food Price Indices 250 225  USD Food Price  200  Kina Food Price  175 150 125 100 75  20 04 Q 20 1 04 Q 20 3 05 Q 20 1 05 Q 20 3 06 Q 20 1 06 Q 20 3 07 Q 20 1 07 Q 20 3 08 Q 20 1 08 Q 20 3 09 Q 20 1 09 Q 20 3 10 Q 20 1 10 Q 20 3 11 Q 1  50  Source: Food and Agriculture Organization, Bank of PNG staff calculations.
This appreciation has come at the cost of exports, with the 13 percent kina appreciation against the US dollar moderating the export prices for both mineral and non-mineral exports, which rose by about 50 percent and 60 percent, respectively, in US dollar terms.