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.

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Fiji Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.20 1.10 10.50 -3.50 2003 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-04 02:10 AM Dec -2.8% -3.4% -2.5%
2021-02-03 02:10 AM Jan -1.3% -2.8%
2021-03-02 02:35 AM Feb 1.1% -1.3%
2021-04-08 02:35 AM Mar -1.2% 1.1%
2021-05-01 02:15 AM Apr -1.2%
2021-06-02 02:20 AM May
2021-07-02 03:30 AM Jun
2021-08-04 03:00 AM Jul


News Stream
Fiji Consumer Prices Fall 1.2% in March
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.
2021-04-08
Fiji Consumer Prices Rise for 1st Time in 17 Months
Consumer prices in Fiji increased by 1.1 percent year-on-year in February 2021, rebounding from a 1.3 percent drop in the previous month. This was the first decline in consumer prices since September 2019, as food and non-alcoholic beverages inflation accelerated to a 12-year high of 12.9% in February from 5.8% in January. Meanwhile, prices continued to increase for: health (1.0% vs 1.4% in January), furnishing, household equipment & routine maintenance (2.3% vs 2.5%), miscellaneous goods & services (0.3% vs 0.4%) and communication (0.1% vs 0.1%). By contrast, prices fell further for: transport (-2.7% vs -0.4%); housing & utilities (-1.2% vs -0.4 %); clothing & footwear (-2.9% vs -1.7%); restaurants & hotels (-0.1% vs -0.2%), and alcoholic beverages & tobacco (-13.3% vs -15.3%). On a monthly basis, consumer prices rose by 2.0 percent, the most since January 2017, following a 1.7 percent gain in January.
2021-03-02
Fiji Consumer Prices Drop the Least in 9 Months
Consumer prices in Fiji declined by 1.3 percent year-on-year in January 2021, following a 2.8 percent fall in the previous month. This was the sixteenth straight month of decrease in consumer prices, but the smallest pace of decline since April last year, mainly due to a softer fall in prices of both transport (-0.4% vs -0.5% in December 2020) and housing & utilities (-0.4% vs -1.2 %), while food and non-alcoholic beverages inflation accelerated to a 19-month high of 5.8% in January from 0.6% in December. Also, prices dropped for: clothing & footwear (-1.7% vs -1.1%), restaurants & hotels (-0.2% vs 0.2%) and alcoholic beverages & tobacco (-15.3% vs -14.0%). Meanwhile, prices rose further for: health (1.4% vs 1.3%), furnishing, household equipment & routine maintenance (2.5% vs 2.1%), miscellaneous goods & services (0.4% vs 0.6%) and communication (0.1% vs 0.1%). On a monthly basis, consumer prices rose by 1.7 percent, the most since April 2018, after a 0.2 percent growth in December.
2021-02-03
Fiji Consumer Prices Fall the Least in 5 Months
Consumer prices in Fiji dropped by 2.8 percent year-on-year in December 2020, after declining 3.4 percent in the previous month. This was the fifteenth straight month of decrease in consumer prices, but the least since July, mainly due to a rebound in prices of food and non-alcoholic beverages (0.6% vs -1.7% November), while transport prices fell less (-0.5% vs -1.0%). Meantime, prices continued to drop for housing & utilities (-1.2% vs -0.9 %), alcoholic beverages & tobacco (-14.0% vs -13.5%) and clothing & footwear (-1.1% vs -0.8%). On the other hand, prices increased further for: health (1.3% vs 1.2%), furnishing, household equipment & routine maintenance prices (2.1% vs 2.4%), miscellaneous goods & services (0.6% vs 1.0%), restaurants & hotels (0.2% vs 0.8%) and communication (0.1% vs 0.1%). On a monthly basis, consumer prices were up 0.2 percent, the first monthly increase since July, after a 0.4 percent fall in November.
2021-01-04

Fiji Inflation Rate
In Fiji, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (28.3 percent of total weight). Transport accounts for 14.5 percent; Housing and Utilities for 11.7 percent; Education for 10.2 percent; Alcoholic beverages and Tobacco for 7.7 percent and Miscellaneous Goods and Services for 7.7 percent. Furniture, Household Goods and Maintenance; Communication; Recreation and Culture; Restaurants and Hotels; Clothing and Footwear and Health account for the remaining 19.9 percent of total weight.