The annual inflation rate in Fiji fell to 2.1 percent in April of 2019 from 4.0 percent in the prior month. It was the lowest inflation rate since January last year, as prices slowed for food & non-alcoholic beverages (2.0 pct vs 7.7 pct in March); housing & utilities (0.3 pct vs 0.4 pct) and alcoholic beverages & tobacco (13.1 pct vs 14.4 pct). In addition, transport prices dropped (-0.3 pct vs 0.9 pct) and inflation was steady for recreation & culture (at 0.4 pct). On the other hand, prices increased faster for both household equipment (1.7 pct 1.4 pct) and clothing & footwear (0.5 pct vs 0.4 pct). Meantime, miscellaneous goods & services inflation was flat (vs 0.3 pct in March) while health prices continued to fall (-1.2 pct vs -2.0 pct). On a monthly basis, consumer prices went down up 0.2 percent, after decreasing 0.6 percent in the prior month. From reference month March 2019, the index has been rebased from 2011 to base year 2014. 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 3.70 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 3.40 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.