Annual inflation rate in Fiji climbed to 5.0 percent in May 2022 from 4.7 percent in April, reaching the highest level since February 2019, boosted by faster rises in prices of housing & utilities (5.8% vs 4.1%), transport (21.6% vs 7.3%), clothing & footwear (1.4% vs 0.9%), and health (3.9% vs 3.6%). Cost continued to increase for food and non-alcoholic beverages (3.6% vs 7.1% in April), alcoholic beverages & tobacco (3.9% vs 5.1%), household equipment & routine maintenance (3.5% vs 3.5%), miscellaneous goods & services (1.7% vs 1.9%). By contrast, prices of restaurants & hotels dropped further (-2.8% vs -2.8%). On a monthly basis, consumer prices were up 1.2 percent in May, after a flat reading in April. source: Reserve Bank of Fiji
Inflation Rate in Fiji averaged 3.28 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 July of 2022.
Inflation Rate in Fiji is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Fiji Inflation Rate is projected to trend around 2.30 percent in 2023, according to our econometric models.