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.

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. source: Reserve Bank of Fiji

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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Fiji Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-3.20 -3.00 10.50 -3.50 2003 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-02 03:30 AM Jun -3.5% -1.7% -2%
2020-08-04 03:00 AM Jul -1.6% -3.5% -3%
2020-09-02 01:20 AM Aug -3.0% -1.6% -1.5%
2020-10-05 02:00 AM Sep -3.2% -3.0% -2.5%
2020-11-06 04:00 AM Oct -3.2%
2020-12-04 03:00 AM Nov


News Stream
Fiji Consumer Prices Fall the Most in 3 Months
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.
2020-10-05
Fiji Consumer Prices Drop for 11 Month
Consumer prices in Fiji fell by 3.0 percent year-on-year in August 2020, following a 1.6 percent drop in the previous month. This was the eleventh straight month of decrease in consumer prices, mainly due to a decline in prices of food and non-alcoholic beverages (-3.1% vs 0.5% July), while both prices of housing & utilities (-2.5% vs -2.3%) and alcoholic beverages & tobacco (-10.7% vs -8.7%) dropped more. In addition, furnishing, household equipment & routine maintenance prices rose softer (3.1% vs 3.3%). Meantime, inflation was steady for health (at 0.3%), restaurants & hotels (vs 0.8%), miscellaneous goods & services (at 4.4%), clothing & footwear (at 1.3% ) and communication (at 0.1%). On the other hand, transport prices rebounded (0.9% vs -0.2%). On a monthly basis, consumer prices went down 0.9 percent, following a 0.4 percent gain in the prior month.
2020-09-02
Fiji Consumer Prices Drop the Least in 3 Months
Consumer prices in Fiji declined by 1.6 percent year-on-year in July 2020, following a 3.5 percent fall in the previous month. This was the tenth straight month of decrease in consumer prices, but smallest in 3 months, mainly due to a rebound in prices of food and non-alcoholic beverages (0.5% vs -5.6% June), while prices of alcoholic beverages & tobacco fell less (-8.7% vs -9.6%). Also, prices dropped for: housing & utilities (-2.3% vs -1.7%); transport (-0.2% after flat reading in June). In addition, inflation accelerated for health (0.3% vs 0.2%), while restaurants & hotels inflation was steady (at 0.8%). Meanwhile, prices slowed for miscellaneous goods & services (4.4% vs 5.2%), clothing & footwear (1.3% vs 2.3%), furnishing, household equipment & routine maintenance (3.3% vs 3.9%), and communication (0.1% vs 0.4%). On a monthly basis, consumer prices rose 0.4 percent, following a 1.9 percent drop in the prior month.
2020-08-04
Fiji Consumer Prices Drop for 9th Month
Consumer prices in Fiji fell by 3.5 percent year-on-year in June 2020, following a 1.7 percent drop in the previous month. This was the ninth straight month of decline in consumer prices, as prices decreased for food and non-alcoholic beverages (-5.6% vs -1.0% May); housing & utilities (-1.7% vs -0.9%), and alcoholic beverages & tobacco (-9.6% vs -8.7%). In addition, prices slowed for health (0.2% vs 0.3%); restaurants & hotels (0.8% vs 0.9%);miscellaneous goods & services (5.2% vs 5.4%), while that of transport were flat (vs 0.9%). On the other hand, prices continued to rise for both clothing & footwear (2.3% vs 1.0%) and furnishing, household equipment & routine maintenance (3.9% vs 3.5%). Meanwhile, inflation was steady for communication (at 0.4%). On a monthly basis, consumer prices fell 1.9 percent, following a flat reading in the prior month.
2020-07-02

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.