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Fiji Time: 1:07 AM on Saturday 25 May

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Inflation rate down

Elenoa Baselala
Thursday, April 19, 2012

THE inflation rate dropped to 5.6 per cent in March.

Fiji Bureau of Statistics revealed that there were price reductions for food, alcoholic drinks, clothing and footwear.

The bureau noted a -1.2 per cent decrease in food prices, -0.1 per cent for alcoholic drinks, and clothing and footwear.

There were, however, price increases for heating and lighting, durable household goods, transport, medical and laundry goods.

A 0.1 per cent increase for heating and lighting was attributed to higher prices recorded for household kerosene, while a 0.6 per cent increase was noted for durable household goods.