CONSUMER PRICE INDEX - June 2015

[Base: Average 12 months 2011 = 100.0]

 

 

FBoS Release No: 37, 2015                                                                                                                                                                    

30th June 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. 

 

June 2015  Highlights 

cpiJun15a cpiJun15b
The average annual rate of inflation for the twelve months to June 2015 [i.e. comparing the average CPI for the 12 months to June 2015 with the average for the 12 months to June   2014] stands at 0.8 per cent while the month – on-comparable - month inflation rate [compared with June 2014] stands at 0.8 per cent.   The All Items CPI for the month of June 2015 registered no change over May 2015 [107.7] and stands at 107.7.

     

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 May 2015 and June 2015 by expenditure groups are as follows:

 

FOOD AND NON-ALCOHOLIC BEVERAGES: -0.2%

Lower prices were recorded for bread & cereals, meat, milk, cheese & eggs, oils & fats, vegetables, confectioneries and non-alcoholic beverages such as coffee, milo, mineral water and soft drinks.

 

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: +0.2%

Higher prices were recorded for tobacco and yaqona.

 

CLOTHING AND FOOTWEAR: +0.3%

Higher prices were recorded for clothing materials, garments and shoes & 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: +0.4%

Higher prices were recorded for furniture & furnishings, carpets & other floor coverings, household textiles, major household appliances whether electric or not, small electric household appliances and glassware, tableware & household utensils.

HEALTH: -0.3%

Lower prices were recorded for pharmaceutical products.

 

TRANSPORT: 0.0%

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

 

COMMUNICATION: 0.0%

No price changes were recorded in this division.

 

RECREATION AND CULTURE: -0.5%

Lower prices were recorded for equipment for reception, recording & reproduction, information processing equipment, recording media and games, toys & hobbies.

 

EDUCATION: 0.0%

No price changes were recorded in this division.

 

RESTAURANTS AND HOTELS: +0.3%

Higher prices were recorded for catering services. 

 

MISCELLANEOUS GOODS AND SERVICES: 0.0%

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

 

cpiJun15c 

 

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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 July 2015 will be released on 31st July, 2015.