Consumer Price Index

FBoS Release No: 63, 2017

31st October 2017


The Consumer Price Index [CPI] is compiled to indicate average changes in the prices of goods and services purchased by households nationwide with monthly price collections carried out in the urban areas [Suva, Lami, Nasinu, Nausori, Lautoka, Nadi, Ba and Labasa]. The index is currently taken to represent price changes in the rural areas as well. The CPI weights are derived from the Household Income and Expenditure Survey [HIES] of 2008/2009.

cpiOct17a

The average annual rate of inflation for the twelve months to October 2017 [i.e. comparing the average CPI for the 12 months to October 2017 with the average for the 12 months to October 2016] stands at 3.6 percent while the month – on-comparable - month inflation rate [compared with October 2016] stands at 2.6 percent.

Details of price changes between September and October 2017 by expenditure class are as follows:

FOOD AND NON-ALCOHOLIC BEVERAGES: -1.3%

Lower prices were recorded for meat, fish & sea food, milk, cheese & eggs, oils & fats, fruits, vegetables and non-alcoholic beverages such as coffee, tea & cocoa, mineral water and soft drinks.

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: +2.8%

Higher prices were recorded for wine, tobacco and yaqona.

CLOTHING AND FOOTWEAR: -0.3%

Lower prices were recorded for garments and other articles of clothing & clothing accessories.

HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS: -0.1%

Lower prices were recorded for paints, gas and liquid fuels.

FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE HOUSEHOLD MAINTENANCE: -0.8%

Lower prices were recorded for furniture & furnishings, major household appliances, small electric household appliances, major tools & equipment, small tools & miscellaneous accessories and non-durable household goods.

HEALTH: +0.1%

Higher prices were recorded for pharmaceutical products.

TRANSPORT: -0.1%

Lower prices were recorded for motor cars.

COMMUNICATION: 0.0%

No price changes were recorded in this division.

RECREATION AND CULTURE: 0.0%

There were some price changes recorded in this division but these changes balanced out.

EDUCATION: 0.0%

No price changes were recorded in this division.

RESTAURANTS AND HOTELS: 0.0%

No price changes were recorded in this division.

MISCELLANEOUS GOODS AND SERVICES: 0.0%

There were some price changes recorded in this division but these changes balanced out.

cpiOct17b 

CLICK HERE RELATED TABLES

For further enquiries please contact Mr Sitiveni Sikivou on email or telephone 331 5822 (ext. 386 239) or direct line 323 0839.

The Consumer Price Index for November 2017 will be released at the end of November, 2017.

More Articles ...