The annual inflation rate in Fiji dropped to 3.6 percent in December 2022 from 5.2 percent in the previous month. It was the lowest inflation rate since February, amid softer rises in prices of housing & utilities (0.3% vs 1.7% in November), food and non-alcoholic beverages (7.1% vs 9.6%), transport (16.5% vs 19.7%), clothing & footwear (3.1% vs 3.6%), and miscellaneous goods & services (3.3% vs 5.1%). Prices continued to increase for both health (5.4% vs 4.7%) and household equipment & routine maintenance (4.4% vs 3.9%).In addition, prices dropped more for both restaurants & hotels (-2.5% vs -2.1%) and alcoholic beverages & tobacco (-7.1% vs -5.3%). On a monthly basis, consumer prices went up 0.2 percent in November, recovering from a 0.2 percent fall in November. source: Reserve Bank of Fiji
Inflation Rate in Fiji averaged 3.29 percent from 2003 until 2022, 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 January of 2023.
Inflation Rate in Fiji is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Fiji Inflation Rate is projected to trend around 2.30 percent in 2023, according to our econometric models.