Fiji Time: 7:42 AM on Saturday 20 January

Fiji Times Logo

/ Front page / Archives » Article Index

Inflation remains low

Filipe Naigulevu
Saturday, November 04, 2017

INFLATION in Fiji has remained low over the past few months remaining on 2.0 per cent as of September this year, the central bank stated.

The Reserve Bank of Fiji, in its quarterly review for September, stated that the headline inflation in September was 2.0 per cent, unchanged from June.

This is also lower than the 5.6 per cent inflation registered in September last year.

The country's inflation rate had declined to 1.9 per cent in August from 2.0 per cent in July of this year, marking the lowest it had been since 2015.

The central bank stated that the lower inflation outturn was mainly attributed to the falling food prices as supply of agricultural market items have normalised after Severe Tropical Cyclone Winston last year.

This was also coupled with lower fuel prices which more than offset the higher prices of alcoholic beverages and cigarettes as per the duty increase announced in the 2017/18 National Budget.

The review also noted that domestic inflation fell to 2.9 per cent in September from 4.6 per cent in June which contributed 1.6 percentage points to headline inflation.

This was underpinned by the food and non-alcoholic beverages category for which prices had declined for the sixth consecutive month in September.

Prices of pounded and unpounded yaqona, cigarettes and local beer however remained high.

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.62390.6049
JPY 56.369653.3696
GBP 0.36040.3524
EUR 0.41060.3986
NZD 0.69380.6608
AUD 0.63130.6063
USD 0.50390.4869



Exchange Rate updated on 19th, January, 2018

Today's Most Read Stories

  1. Patient info leaked
  2. Four miss out
  3. Stench concern
  4. Men appear in court for separate cases
  5. Ministry looks into Kanailagi case
  6. Ba files protest against Nadi
  7. 624,404 voters
  8. Pet monkey Fiji could land artist Chris Brown in jail
  9. A simple turn of the tap
  10. 4-day water cut for West

Top Stories this Week

  1. Trip turns tragic Thursday (18 Jan)
  2. Love will keep us together Sunday (14 Jan)
  3. $100 a day Sunday (14 Jan)
  4. Mela beats the odds Thursday (18 Jan)
  5. Capt William calls it a day after 45 years Sunday (14 Jan)
  6. Nadi man dies in crash Wednesday (17 Jan)
  7. National strike if no resolution, says FTUC Sunday (14 Jan)
  8. Tube ride to school Thursday (18 Jan)
  9. Teachers transfer policy Monday (15 Jan)
  10. Man attacks partner Monday (15 Jan)