The annual inflation rate in Fiji came in at 5.1 percent in February of 2019, unchanged from the prior month but staying at the highest level since November. Prices increased faster for food and non-alcoholic beverages (10.5 pct vs 7.8 pct in January); transport (1.0 pct vs 0.9 pct) while inflation was steady for both housing & utilities (at 0.4 pct) and household equipment (at 1.5 pct). Meantime, cost slowed for recreation and culture (0.3 percent vs 0.4 pct); clothing and footwear (0.1 percent vs 0.6 pct); miscellaneous goods and services (0.5 percent vs 0.6 pct), and alcoholic beverages and tobacco (16.1 pct vs 17.6 pct). Also, prices fell for restaurants and hotels (-0.6 percent vs 0.2 pct); communication (-15.2 vs 0.1 pct) and health (-1.1 pct vs -3.1 pct). On a monthly basis, consumer prices went up up 0.7 percent, after increasing 1.2 percent in January. Inflation Rate in Fiji averaged 3.89 percent from 2003 until 2018, 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 3.80 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 3.50 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.