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.