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Inflation up by 0.1pc

Ropate Valemei
Saturday, December 08, 2012

THE average annual rate of inflation for the 12 months to November 2012 stands at 4.8 per cent while the comparable month inflation rate stood at 2.1 per cent.

This was revealed in the Fiji Bureau of Statistics November 2012 Consumer Price Index statement.

The all item Consumer Price Index (CPI) for last month registered a decrease of 0.1 per cent over October 2012. According to the statement, CPI dropped from 143.5 (October) to 143.3 (November).

The CPI, which covers price changes in urban areas, had weights derived from the 2002 and 2003 Household, Income and Expenditure Survey.

The bureau recorded a negative 0.3 per cent on food items.

"Lower prices were recorded for preserved meat, fresh fish, fruits and preserved fruits, fruit juice, dairy product, fats and oil, coffee, Milo, spices, top dressing, confectionary and market item such as long bean, cabbage, chilly long green, eggplant, rourou, pumpkin, tubua, potato, garlic, cassava and arhar," the bureau said.

Higher prices were recorded for some alcoholic spirits, warm beer and cigarette with +0.1 per cent increase. Higher prices were also recorded for house paints.

The bureau recorded positive 0.4 per cent on durable household goods like furniture, electrical appliances, duty free goods, jewellery and travelling and sports goods.

However, lower prices were recorded on clothing and footwear.

There was no change price for heating and lighting, services and transport but in the transport section the changes were balanced out.





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