CONSUMER PRICE INDEX - March 2015

[Base: Average 12 months 2011 = 100.0]

FBoS Release No: 19, 2015

31st March 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.

March 2015  Highlights

>cpiMar15a cpiMar15b The average annual rate of inflation for the twelve months to March 2015 [i.e. comparing the average CPI for the 12 months to March 2015 with the average for the 12 months to March   2014] stands at 0.7 per cent while the month – on-comparable - month inflation rate [compared with March 2014] stands at 2.4 per cent.         The All Items CPI for the month of March 2015 registered an increase of 0.5 per cent over February 2015 [108.8] and stands at 109.3.

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 February 2015 and March 2015 by expenditure groups are as follows:

FOOD AND NON-ALCOHOLIC BEVERAGES: +1.3%

Higher prices were recorded for meat, milk, cheese & eggs, fruits, food products nec and non-alcoholic beverages such as coffee, cocoa, milo, mineral water and soft drinks.

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: +1.3%

Higher prices were recorded for tobacco and yaqona.

CLOTHING AND FOOTWEAR: +0.4%

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

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

No price changes were recorded in this division.

FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE HOUSEHOLD MAINTENANCE: +0.6%

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

HEALTH: -0.1%

Lower prices were recorded for pharmaceutical products.

TRANSPORT: +0.1%

Higher prices were recorded for motor cars.

COMMUNICATION: 0.0%

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

RECREATION AND CULTURE: -0.6%

Lower prices were recorded for equipment for the reception, record & reproduction of sound & picture, photographic & cinematographic equipment, information processing equipment and stationery & drawing materials.

EDUCATION: 0.0%

No price changes were recorded in this division.

RESTAURANTS AND HOTELS: -0.2%

Lower prices were recorded for restaurant meals.

MISCELLANEOUS GOODS AND SERVICES: -0.1%

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

cpiMar15c                                    

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For further enquiries please contact Mr. Sitiveni Sikivou on email or Telephone    331 5822 (ext.386239) or direct line 323 0839.

The Consumer Price Index for April 2015 will be released on 30th April, 2015.