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.