Fiji Inflation Rate

Last Release

Dec 31, 2024

Actual

1.3

Units In

0.8

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
10.5 Apr 2010	-3.5 Jun 2020	3.3 %	2003-2024	N/A

In Fiji, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (28.3 percent of total weight). Transport accounts for 14.5 percent; Housing and Utilities for 11.7 percent; Education for 10.2 percent; Alcoholic beverages and Tobacco for 7.7 percent and Miscellaneous Goods and Services for 7.7 percent. Furniture, Household Goods and Maintenance; Communication; Recreation and Culture; Restaurants and Hotels; Clothing and Footwear and Health account for the remaining 19.9 percent of total weight.

Latest Updates

The annual inflation rate in Fiji increased to 1.3% in December 2024 from November's four-month low of 0.8%. This was driven by a rise in food prices to 1.4% from a near four-year low of 1.2% the previous month. Prices also accelerated for alcoholic beverages and tobacco (9.2% vs 7.9% in November) and household equipment & routine maintenance (0.3% vs 0.1%). Meanwhile, education costs grew by 0.4%, maintaining the same pace for the tenth consecutive month. At the same time, prices of miscellaneous goods and services eased (2.3% vs 3.4%) and those of restaurants and hotels (4.8% vs 5.2%) reached their lowest levels since January 2023. Additionally, prices for transport (-5.2% vs -7.3%), housing (-1.8% vs -2.3%), and recreation and culture (-0.9% vs -1.0%) all dropped at a slower pace. On a monthly basis, consumer prices edged down 0.1% in December, marking the second straight month of decline following a 1.1% fall in November.