The annual inflation rate in Fiji rose to 2.8 percent in June of 2019 from a 15-month low of 2.1 percent in the previous month. Prices went up further for food & non-alcoholic beverages (7.3 percent vs 4.7 percent in May); clothing & footwear (0.9 percent vs 0.7 percent); and restaurant & hotels (0.3 percent vs 0.2 percent). Also, cost of miscellaneous goods & services increased (0.2 percent vs a flat reading) and price of health fell less (-0.1 percent vs -1.2 percent). On the other hand, cost slowed for alcoholic beverages & tobacco (7.8 percent vs 8 percent) and inflation was steady for both housing & utilities (at 0.3 percent, the same as in May); furnishings & household equipment (at 0.7 percent); education (at 5.2 percent). In addition, prices continued to decline for transport (-0.2 percent); and communication (-15.2 percent). On a monthly basis, consumer prices went down 0.1 percent, after increasing 0.4 percent 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.
Inflation Rate in Fiji is expected to be 2.40 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 2.60 in 12 months time. In the long-term, the Fiji Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.