The annual inflation rate in Fiji went up to a 19-month high of 5.2 percent in October of 2018 from 4.6 percent in the previous month. Prices increased faster for: food and non-alcoholic beverages (7.7 pct vs 4.9 pct in September); housing & utilities (2.5 pct vs 2.2 pct); transport (3.3 pct vs 2.4 pct); clothing (1.5 pct vs 0.9 pct), and furnishing (0.9 pct vs 0.2 pct). Meanwhile, inflation was steady for restaurants and hotels (at 1.1 pct, the same as in September); miscellaneous goods and services (at 0.3 pct); recreation and culture (0.4 pct); and communication (0.1 pct). Additionally, prices slowed for alcoholic beverages and tobacco (16.1 pct vs 18.6 pct) and fell further for health (-2.3 pct vs -2.2 pct). On a monthly basis, consumer prices went up 0.60 percent, after increasing by 0.50 percent in September. 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 4.00 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 3.60 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.