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.
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 July 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 0.80 percent in 2021 and 1.90 percent in 2022, according to our econometric models.