CONSUMER PRICE INDEX - February 2015

[Base: Average 12 months 2011 = 100.0]

 

 

FBoS Release No: 05, 2015                                                                                                                        

27th February 2015


 

 

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.

 

February 2015  Highlights

cpiFeb15a cpiFeb15b

The average annual rate of inflation for the twelve months to February 2015 [i.e. comparing the average CPI for the 12 months to February 2015 with the average for the 12 months to February   2014] stands at 0.5 per cent while the month – on-comparable - month inflation rate [compared with February 2014] stands at 2.1 per cent.     

 

The All Items CPI for the month of February 2015 registered an increase of 0.1 per cent over January 2014 [108.7] and stands at 108.8.

      

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.

 

 

 

Details of price changes between January 2015 and February 2015 by expenditure groups are as follows:

 

FOOD AND NON-ALCOHOLIC BEVERAGES: +0.5%

Higher prices were recorded for bread & cereals, fish & sea food, fruits, vegetables and confectionery.

 

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: -2.1%

Lower prices were recorded for spirits, beer and yaqona.

 

CLOTHING AND FOOTWEAR: +0.8%

Higher prices were recorded for clothing materials, garments and shoes & other footwear.

 

HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS: 0.0%

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

 

FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE HOUSEHOLD MAINTENANCE: -0.3%

Lower prices were recorded for carpets & other floor coverings, household textiles, major household appliances whether electric or not, major tools & equipment and non-durable household goods.

 

HEALTH: +1.0%

Higher prices were recorded for pharmaceutical products and other medical products.

 

TRANSPORT: 0.0%

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

 

COMMUNICATION: +0.1%

Higher prices were recorded for telephone & telefax equipment.

 

RECREATION AND CULTURE: -0.8%

Lower prices were recorded for equipment for the reception, record &  reproduction of sound & picture, photographic & cinematographic equipment, information processing equipment, games, toys & hobbies and equipment for sport, camping & open air recreation.

 

EDUCATION: 0.0%

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

 

RESTAURANTS AND HOTELS: 0.0%

No price changes were recorded in this division. 

 

MISCELLANEOUS GOODS AND SERVICES: +0.6%

Higher prices were recorded for other appliances, articles & products for personal care, jewellery, clocks & watches and other personal effects.

 

cpiFeb15c 

 

CLICK HERE FOR RELATED TABLES 

 

For further enquiries please contact Mr. Sitiveni Sikivou on email or Telephone 3230839.

 

The Consumer Price Index for March 2015 will be released on 31st March, 2015.