Consumer prices in Fiji dropped by 2.4 percent year-on-year in April 2021, the most decline since last December, following a 1.2 percent fall in the previous month, due mainly to a faster decrease in transport prices (-2.1% vs -1.0%), while food and non-alcoholic beverages inflation eased to a 4-month low of 2.4% in April from 7.5% in March. Prices continued to fall for both clothing & footwear (-2.6 vs -3.3% in March) and alcoholic beverages & tobacco (-16.8% vs -16.9%). In addition prices increased less for health (1.0% vs 1.2%), furnishing, household equipment & routine maintenance (1.5% vs 1.9%), miscellaneous goods & services (0.6% vs 0.8%) and communication (0.2% vs 0.2%). Meanwhile, prices rose further for both housing & utilities (1.5% vs 0.4 %) and restaurants & hotels (0.3% vs 0.1%). On a monthly basis, consumer prices were unchanged, after a 2.6 percent drop in March. source: Reserve Bank of Fiji
Inflation Rate in Fiji averaged 3.36 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 May of 2021.
Inflation Rate in Fiji is expected to be 2.50 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 1.70 in 12 months time. In the long-term, the Fiji Inflation Rate is projected to trend around 1.80 percent in 2022 and 2.30 percent in 2023, according to our econometric models.