Consumer prices in Fiji declined by 1.6 percent year-on-year in July 2020, following a 3.5 percent fall in the previous month. This was the tenth straight month of decrease in consumer prices, but smallest in 3 months, mainly due to a rebound in prices of food and non-alcoholic beverages (0.5% vs -5.6% June), while prices of alcoholic beverages & tobacco fell less (-8.7% vs -9.6%). Also, prices dropped for: housing & utilities (-2.3% vs -1.7%); transport (-0.2% after flat reading in June). In addition, inflation accelerated for health (0.3% vs 0.2%), while restaurants & hotels inflation was steady (at 0.8%). Meanwhile, prices slowed for miscellaneous goods & services (4.4% vs 5.2%), clothing & footwear (1.3% vs 2.3%), furnishing, household equipment & routine maintenance (3.3% vs 3.9%), and communication (0.1% vs 0.4%). On a monthly basis, consumer prices rose 0.4 percent, following a 1.9 percent drop in the prior month.

Inflation Rate in Fiji averaged 3.56 percent from 2003 until 2020, 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 August 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.

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Fiji Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.60 -3.50 10.50 -3.50 2003 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-01 02:15 AM Apr -1.3% -2.8% -3%
2020-06-02 02:20 AM May -1.7% -1.3% -1%
2020-07-02 03:30 AM Jun -3.5% -1.7% -2%
2020-08-04 03:00 AM Jul -1.6% -3.5% -3%
2020-09-03 05:00 AM Aug -1.6% -1.5%
2020-10-05 02:00 AM Sep -1.5%
2020-11-06 04:00 AM Oct
2020-12-04 03:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Fiji Consumer Prices Drop the Least in 3 Months
Consumer prices in Fiji declined by 1.6 percent year-on-year in July 2020, following a 3.5 percent fall in the previous month. This was the tenth straight month of decrease in consumer prices, but smallest in 3 months, mainly due to a rebound in prices of food and non-alcoholic beverages (0.5% vs -5.6% June), while prices of alcoholic beverages & tobacco fell less (-8.7% vs -9.6%). Also, prices dropped for: housing & utilities (-2.3% vs -1.7%); transport (-0.2% after flat reading in June). In addition, inflation accelerated for health (0.3% vs 0.2%), while restaurants & hotels inflation was steady (at 0.8%). Meanwhile, prices slowed for miscellaneous goods & services (4.4% vs 5.2%), clothing & footwear (1.3% vs 2.3%), furnishing, household equipment & routine maintenance (3.3% vs 3.9%), and communication (0.1% vs 0.4%). On a monthly basis, consumer prices rose 0.4 percent, following a 1.9 percent drop in the prior month.
2020-08-04
Fiji Consumer Prices Drop for 9th Month
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.
2020-07-02
Fiji Consumer Prices Fall for 8th Month
Consumer prices in Fiji dropped by 1.7 percent year-on-year in May 2020, following a 1.3 percent decline in the previous month. This was the eighth straight month of decrease in consumer prices, as prices fell for food and non-alcoholic beverages (-1.0%, the same as in April); housing & utilities (-0.9% vs 0.3%), and alcoholic beverages & tobacco (-8.7% vs -7.5%). In addition, prices slowed for transport (0.9% vs 3.4%); clothing & footwear (1.0% vs 1.8%); health (0.3% vs 0.8%), and restaurants & hotels (0.9% vs 1.2%). On the other hand, cost went up further for miscellaneous goods & services (5.4% vs 4.8%); furnishing, household equipment & routine maintenance (3.5% vs 0.7%), and communication (0.4% vs 0.1%). On a monthly basis, consumer prices were flat, following a 1.3 percent gain in the prior month.
2020-06-02
Fiji Consumer Prices Fall the Least in 4 Months
Fiji consumer prices fell by 1.3 percent in April 2020, following a 2.8 percent decline in the previous month. This was the seventh straight month of decrease in consumer prices, but the smallest decline since last December, as prices dropped less for both food and alcoholic beverages (-1.0% vs -5.6% in March) and alcoholic beverages & tobacco (-7.5% vs -7.8%). In addition, prices rose softer for transport (3.4% vs 4.1%); and restaurants & hotels (1.2% vs 1.4%). Meantime, prices went up faster for miscellaneous goods & services (4.8% vs 4.5%); furnishing, household equipment & routine maintenance (0.7% vs 0.1%); and health (0.8% vs 0.6%), while that of housing & utilities rebounded (0.3% vs -0.5%). On the other hand, inflation was steady for both communication (at 0.1%) and clothing & footwear (at 1.8%). On a monthly basis, consumer prices increased 1.3 percent, following a 0.4 percent fall in the prior month.
2020-05-01

Fiji Inflation Rate
In Fiji, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (28.3 percent of total weight). Transport accounts for 14.5 percent; Housing and Utilities for 11.7 percent; Education for 10.2 percent; Alcoholic beverages and Tobacco for 7.7 percent and Miscellaneous Goods and Services for 7.7 percent. Furniture, Household Goods and Maintenance; Communication; Recreation and Culture; Restaurants and Hotels; Clothing and Footwear and Health account for the remaining 19.9 percent of total weight.