Consumer prices in Fiji decreased by 1.6 percent year-on-year in May 2021, following a 2.4 percent drop in the previous month. It was the third straight month of decline in consumer prices, as prices fell for clothing & footwear (-2.4 vs -2.6% in April), furnishing, household equipment & routine maintenance (-1.4% vs 1.5%), and alcoholic beverages & tobacco (-17.9% vs -18.8%). Meanwhile, prices rose further for transport (5.7% vs 2.1%), food and non-alcoholic beverages (3.7% vs 2.4%), housing & utilities (2.9% vs 1.5 %), health (1.3% vs 1.0%), miscellaneous goods & services (0.5% vs 0.6%), and restaurants & hotels (0.3% vs 0.3%). On the other hand, communication prices were unchanged (vs 0.2%). On a monthly basis, consumer prices were up 0.9 percent, after a flat reading in April. source: Reserve Bank of Fiji
Inflation Rate in Fiji averaged 3.36 percent from 2003 until 2021, 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 June of 2021.
Inflation Rate in Fiji is expected to be 2.50 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 1.70 in 12 months time. In the long-term, the Fiji Inflation Rate is projected to trend around 1.80 percent in 2022 and 2.30 percent in 2023, according to our econometric models.