CONSUMER PRICE INDEX – MARCH 2013

[Base: Average 12 months 2005 = 100.0]

 

Release No: 23, 2013

28 March, 2013


 

The average annual rate of inflation for the twelve months to March 2013 [i.e. comparing the average CPI for the 12 months to March 2013 with the average for the 12 months to March 2012] stands at 3.6 percent while the month – on-comparable - month inflation rate [compared with March 2012] stands at 3.3 percent.

The All Item Consumer Price Index [CPI] for the month of March, 2013 registered an increase of 0.5 percent over February 2013 [146.7] and stands at 147.4.  

The Consumer Price Index, which covers price changes in urban areas [Suva, Lami, Nausori, Lautoka, Nadi, Ba and Labasa], has weights derived from the Household Income and Expenditure Survey of 2002/2003.  

There are two measures of inflation used in Fiji.  One compares the average CPI over the past twelve months with the average CPI over the previous twelve 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 [ie.12 months previously].

Details of price changes between February and March 2013 by expenditure groups are as follows:

 

FOOD: +1.1%

Higher prices were recorded for bakery products, wheat products, cereals, fresh and preserved meat, fruits, fruit juice, dairy products, fats and oils, coffee, milo, cocoa, restaurant meals and market items such as french bean, long bean, english cabbage, chinese cabbage, imported carrot, okra,  cucumber, rourou, bele, tubua, potato, split peas, blue peas and yaqona.

ALCOHOLIC DRINKS AND TOBACCO: +0.5%

Higher prices were recorded for some alcoholic spirits, warm beer and cigarettes.  

HOUSING:  0.0%

Some price changes were recorded in this section but these changes balanced out.

HEATING AND LIGHTING: 0.0%

No price changes were recorded in this section.

DURABLE HOUSEHOLD GOODS: +0.5%

Higher prices were recorded for furniture, non-electrical appliances, soft furnishing, jewellery and travelling and sports goods.  

CLOTHING AND FOOTWEAR: +0.4%

Higher prices were recorded for men’s, women’s and children’s wear and women’s footwear.

TRANSPORT: -0.1%

Lower prices were recorded for second hand vehicles.

SERVICES: 0.0%

No price changes were recorded in this section.

MISCELLANEOUS: +0.1%

Higher prices were recorded for medical and laundry goods.

 

CPI2012

 

For further enquiries please contact Mr Avinesh Mani on 3315822 ext 113.

Consumer Price Index Release for April 2013 will be available on 30th April 2013.

 

E. Waqavonovono

Government Statistician