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Fiji Time: 6:41 PM on Wednesday 23 April

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Bureau records rise in inflation

Ropate Valemei
Wednesday, February 20, 2013

THE average annual rate of inflation for the 12 months to January 2013 stands at 4.1 per cent, according to the latest report on Consumer Price Index (CPI) from the Fiji Bureau of Statistics.

In a statement, government statistician Epeli Waqavonovono said this had increased compared to 3.2 per cent for the same period last year.

"All CPI for the month of January, 2013 registered an increase of 2.2 per cent over 2012 (143.3) and stands at 164.4," he said.

"There are two measures of inflation used in Fiji. One compares the average CPI over the past 12 months with the average CPI over the previous 12 months.

"The other, which is used in most countries, compares the CPI in the current month with the CPI in the comparable month of the previous year."

Mr Waqavonovono said the bureau recorded a 4.2 per cent increase in the price of food.