Consumer prices in Fiji dropped by 3.2 percent year-on-year in September 2020, following a 3.0 percent fall in the previous month. This was the twelfth straight month of decrease in consumer prices, and the most since June, mainly due to a decline in prices of food and non-alcoholic beverages (-2.1% vs -3.1% August), transport (-0.1% vs 0.9%) and housing & utilities (-2.1% vs -2.5%), while prices of alcoholic beverages & tobacco dropped more (-12.4% vs -10.7%). In addition, prices rose softer for furnishing, household equipment & routine maintenance prices (2.9% vs 3.1%), miscellaneous goods & services (3.2% 4.4%) and clothing & footwear (0.8% vs 1.3%). Meantime, health inflation accelerated (1.2% vs 0.3%), while inflation was steady for both restaurants & hotels (at 0.8%) and communication (at 0.1%). On a monthly basis, consumer prices went down 0.5 percent, following a 0.9 percent drop in the prior month. source: Reserve Bank of Fiji
Inflation Rate in Fiji averaged 3.49 percent from 2003 until 2020, reaching an all time high of 10.50 percent in April of 2010 and a record low of -3.50 percent in June of 2020. This page provides - Fiji Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Fiji Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Inflation Rate in Fiji is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Fiji to stand at 0.50 in 12 months time. In the long-term, the Fiji Inflation Rate is projected to trend around 0.70 percent in 2021 and 1.50 percent in 2022, according to our econometric models.