Consumer prices in Fiji declined by 1.3 percent year-on-year in January 2021, following a 2.8 percent fall in the previous month. This was the sixteenth straight month of decrease in consumer prices, but the smallest pace of decline since April last year, mainly due to a softer fall in prices of both transport (-0.4% vs -0.5% in December 2020) and housing & utilities (-0.4% vs -1.2 %), while food and non-alcoholic beverages inflation accelerated to a 19-month high of 5.8% in January from 0.6% in December. Also, prices dropped for: clothing & footwear (-1.7% vs -1.1%), restaurants & hotels (-0.2% vs 0.2%) and alcoholic beverages & tobacco (-15.3% vs -14.0%). Meanwhile, prices rose further for: health (1.4% vs 1.3%), furnishing, household equipment & routine maintenance (2.5% vs 2.1%), miscellaneous goods & services (0.4% vs 0.6%) and communication (0.1% vs 0.1%). On a monthly basis, consumer prices rose by 1.7 percent, the most since April 2018, after a 0.2 percent growth in December. source: Reserve Bank of Fiji
Inflation Rate in Fiji averaged 3.38 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 February of 2021.
Inflation Rate in Fiji is expected to be -0.50 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 0.70 in 12 months time. In the long-term, the Fiji Inflation Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.