CONSUMER PRICE INDEX - October 2014

FBoS Release No: 69, 2014 31st October 2014

[Base: Average 12 months 2008 = 100.0]


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 October 2014 Highlights

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 while the other compares the CPI in the current month with the CPI in the comparable month of the previous year.

cpiOct14a

Details of price changes between October 2014 and September 2014 by expenditure groups are as follows: FOOD AND NON-ALCOHOLIC BEVERAGES: +1.9% Higher prices were recorded for bread, cereals, fruits, vegetables and non-alcoholic beverages such as mineral water soft drinks.

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: -0.4% Lower prices were recorded for spirits, beer and yaqona.

CLOTHING AND FOOTWEAR: -0.9% Lower prices were recorded for clothing materials and garments. HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS: -0.3% Lower prices were recorded for paints and household kerosene. FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE HOUSEHOLD MAINTENANCE: -0.8% Lower prices were recorded for carpets other floor coverings, major household appliances whether electric or not, small electric household appliances, glassware, tableware household utensils, tools equipment for house garden and non-durable household goods. HEALTH: -0.3% Lower prices were recorded for pharmaceutical products and other medical products. TRANSPORT: -0.2% Lower prices were recorded for motor cars, bicycles and fuels lubricants. COMMUNICATION: 0.0% There were some price changes in this division but these changes balanced out.

RECREATION AND CULTURE: 0.0 % There were some price changes in this division but these changes balanced out.

> or telephone 3315822 ext 117. The Consumer Price Index for November 2014 will be released on 28th November, 2014