The annual inflation rate in Fiji came in at 5.2 percent in November of 2018, unchanged from the previous month’s 19-month high. Inflation was steady for housing & utilities (at 2.5 pct, the same as in October); transport (at 3.3 pct); and communication (0.1 vs 0.1 pct). Meantime, prices slowed for food and non-alcoholic beverages (7.3 pct vs 7.7 pct); clothing and footwear (0.2 pct vs 1.5 pct); furnishings and household equipment (0.7 pct vs 0.9 pct); restaurants and hotels ( 1.0 percent vs 1.1 pct); and recreation and culture (0.3 percent vs 0.4 pct). On the other hand, prices rose faster for both miscellaneous goods and services (0.5 percent vs 0.3 pct) and alcoholic beverages and tobacco (16.6 pct vs 16.1 pct). Additionally, cost of health fell at a softer pace (-2.1 pct vs -2.3 pct). On a monthly basis, consumer prices declined 0.3 percent, after increasing 0.6 percent in October. 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.