Consumer prices in Fiji dropped by 1.2 percent year-on-year in March 2021, reversing from a 1.1 percent rise in the previous month, due mainly to a decline in prices of transport (-1.0% vs -2.7%); clothing & footwear (-3.3% vs -2.9%); and alcoholic beverages & tobacco (-16.9% vs -13.3%). In addition, food and non-alcoholic beverages inflation eased to 7.5% in March from a 12-year high of 12.9% in February. Meanwhile, prices continued to increase for: health (1.2% vs 1.0%), furnishing, household equipment & routine maintenance (1.9% vs 2.3%), miscellaneous goods & services (0.8% vs 0.3%) and communication (0.2% vs 0.1%). By contrast, prices rebounded for both housing & utilities (0.4% vs -1.2 %) and restaurants & hotels (0.1% vs -0.1%). On a monthly basis, consumer prices fell by 2.6 percent, the first monthly decline in 4 months, after a 2.0 percent growth in February. 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 April 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.