The annual inflation rate in Fiji rose to 5.1 percent in January of 2019 from 4.9 percent in the previous month. Prices increased faster for: food and non-alcoholic beverages (7.8 pct vs 5.1 pct in December); recreation and culture (0.4 percent vs 0.2 pct); clothing and footwear (0.6 percent vs 0.2 pct); and and alcoholic beverages and tobacco (17.6 pct vs 17.2 pct). In addition, prices of health fell less than in a month earlier (-1.1 pct vs -2.2 pct). Meanwhile, prices went up softer for: housing & utilities (0.4 pct vs 3.6 pct); transport (0.9 pct vs 3.4 pct); restaurants and hotels (0.2 percent vs 0.8 pct); furnishings and household equipment (1.5 pct vs 2.0 pct); and miscellaneous goods and services (0.6 percent vs 0.7 pct).On the other hand, inflation was steady for communication (at 0.1 pct). On a monthly basis, consumer prices went up up 1.2 percent, after increasing 0.1 percent in December. 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.