Consumer prices in Fiji increased 0.8 percent year on year in August 2021, after declining 0.4 percent in the previous month. It was the first time increase in consumer prices since February, due mainly to a faster rise in prices of both food and non-alcoholic beverages (7.1% vs 5.4% in July) and housing & utilities (4.2% vs 3.0 %). Upward pressure also came from: transport (5.2% vs 5.7%), health (1.1% vs 1.6%), miscellaneous goods & services (0.2% vs 0.5%), and restaurants & hotels (0.3% vs 0.3%). Downward pressure came from: clothing & footwear (-3.5 vs -2.9%), furnishing, household equipment & routine maintenance (-0.5% vs -0.8%), and alcoholic beverages & tobacco (-12.1% vs -15.0%). On a monthly basis, consumer prices rose by 0.4 percent in August, rebounding from a 0.1 percent drop in July. 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 September of 2021.
Inflation Rate in Fiji is expected to be 1.40 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 1.80 percent in 2022 and 2.30 percent in 2023, according to our econometric models.