Fiji consumer prices fell by 1.3 percent in April 2020, following a 2.8 percent decline in the previous month. This was the seventh straight month of decrease in consumer prices, but the smallest decline since last December, as prices dropped less for both food and alcoholic beverages (-1.0% vs -5.6% in March) and alcoholic beverages & tobacco (-7.5% vs -7.8%). In addition, prices rose softer for transport (3.4% vs 4.1%); and restaurants & hotels (1.2% vs 1.4%). Meantime, prices went up faster for miscellaneous goods & services (4.8% vs 4.5%); furnishing, household equipment & routine maintenance (0.7% vs 0.1%); and health (0.8% vs 0.6%), while that of housing & utilities rebounded (0.3% vs -0.5%). On the other hand, inflation was steady for both communication (at 0.1%) and clothing & footwear (at 1.8%). On a monthly basis, consumer prices increased 1.3 percent, following a 0.4 percent fall in the prior month.

Inflation Rate in Fiji averaged 3.92 percent from 2003 until 2019, reaching an all time high of 10.50 percent in April of 2010 and a record low of -0.30 percent in April of 2009. 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 May of 2020. source: Reserve Bank of Fiji

Inflation Rate in Fiji is expected to be -2.90 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 0.20 in 12 months time. In the long-term, the Fiji Inflation Rate is projected to trend around 0.80 percent in 2021 and 1.90 percent in 2022, according to our econometric models.

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Fiji Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.30 -2.80 10.50 -3.00 2003 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-04 01:00 AM Jan -1.9% -0.9% -0.5%
2020-03-02 03:15 AM Feb -3.0% -1.9% -1.5%
2020-04-01 02:30 AM Mar -2.8% -3.0% -3.2%
2020-05-01 02:15 AM Apr -1.3% -2.8% -3%
2020-06-04 01:00 AM May -1.3%
2020-07-02 04:00 AM Jun -2.9%
2020-08-06 01:30 AM Jul
2020-09-03 05:00 AM Aug


News Stream
Fiji Consumer Prices Fall the Least in 4 Months
Fiji consumer prices fell by 1.3 percent in April 2020, following a 2.8 percent decline in the previous month. This was the seventh straight month of decrease in consumer prices, but the smallest decline since last December, as prices dropped less for both food and alcoholic beverages (-1.0% vs -5.6% in March) and alcoholic beverages & tobacco (-7.5% vs -7.8%). In addition, prices rose softer for transport (3.4% vs 4.1%); and restaurants & hotels (1.2% vs 1.4%). Meantime, prices went up faster for miscellaneous goods & services (4.8% vs 4.5%); furnishing, household equipment & routine maintenance (0.7% vs 0.1%); and health (0.8% vs 0.6%), while that of housing & utilities rebounded (0.3% vs -0.5%). On the other hand, inflation was steady for both communication (at 0.1%) and clothing & footwear (at 1.8%). On a monthly basis, consumer prices increased 1.3 percent, following a 0.4 percent fall in the prior month.
2020-05-01
Fiji Consumer Prices Fall for 6th Month
Fiji consumer prices fell by 2.8 percent in March 2020, following a 3.0 percent decline in the previous month. This was the sixth straight month decrease in consumer prices, as prices dropped further for food and alcoholic beverages (-5.6% vs -6.1% in February); housing & utilities (-0.5%, the same pace as in the prior month); and alcoholic beverages & tobacco (-7.8% vs -8.1%). Meantime, prices rose softer for: communication (0.1% vs 0.2%); transport (4.1% vs 4.4%); miscellaneous goods & services (4.5% vs 4.9%); clothing & footwear (1.8% vs 2.4%), and restaurants & hotels (1.4% vs 1.9%). On the other hand, cost of furnishing, household equipment & routine maintenance rebounded (0.1% vs -0.3%), while that of health went up by 0.6 percent, after a flat reading in February. On a monthly basis, consumer prices went down 0.4 percent, the same pace as in the prior month.
2020-04-01
Fiji Deflation Deepens in February
Fiji consumer prices fell by 3.0 percent in February 2020, following a 1.9 percent decline in the previous month. This was the fifth straight month decrease in consumer prices, and the steepest fall in the current sequence, as prices dropped further for food and alcoholic beverages (-6.1% vs -1.4% in January); and alcoholic beverages & tobacco (-8.1% vs -5.6%). Also, cost of furnishing, household equipment & routine maintenance declined (-0.3% vs 0.2%). On the other hand, cost of communication rebounded (0.2% vs -15%); and prices rose at a faster pace for transport (4.4% vs 1.1%); miscellaneous goods & services (4.9% vs 4.5%); health (0.6% vs 0.1%); and clothing & footwear (2.4% vs 1.3%). Additionally, cost of housing & utilities fell less (-0.5% vs -1.2%); and inflation was steady for restaurants & hotels (at 1.9%). On a monthly basis, consumer prices went down 0.4 percent, after increasing 0.2 percent in January.
2020-03-02
Fiji Consumer Prices Fall for 4th Month
Fiji consumer prices dropped by 1.9 percent in January 2020, compared to a 0.9 percent decline in the previous month. This was the fourth straight month decrease in consumer prices, and the steepest fall in the current sequence, as prices dropped for: food and alcoholic beverages (-1.4% vs 2.8% in December), housing & utilities (-1.2% vs -1.9% ), alcoholic beverages & tobacco (-5.6% vs -4.3%), communication (-15%, the same pace as in December). Meantime, clothing & footwear prices rose softer (1.3% vs 1.9%). Inflation was steady for:education (at 5.2%), health (at 0.1%). On the other hand, cost went up faster for: miscellaneous goods & services (4.5% Vs 3.7%); restaurants & hotels (1.9% vs 0.9%), while that of transport prices rebounded (1.1 vs-0.5%). Meanwhile, cost of furnishing, household equipment & routine maintenance rose by 0.2 percent, after a flat reading in December. On a monthly basis, consumer prices rose 0.2 percent in January, after falling 0.4 percent in December.
2020-02-04

Fiji Inflation Rate
In Fiji, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (28.3 percent of total weight). Transport accounts for 14.5 percent; Housing and Utilities for 11.7 percent; Education for 10.2 percent; Alcoholic beverages and Tobacco for 7.7 percent and Miscellaneous Goods and Services for 7.7 percent. Furniture, Household Goods and Maintenance; Communication; Recreation and Culture; Restaurants and Hotels; Clothing and Footwear and Health account for the remaining 19.9 percent of total weight.