CONSUMER PRICE INDEX - July 2015

[Base: Average 12 months 2011 = 100.0] 

 

FBoS Release No: 41, 2015                                                                                                                

31st July 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.

 

July 2015  Highlights

cpiJul15a cpiJul15b
The average annual rate of inflation for the twelve months to July 2015 [i.e. comparing the average CPI for the 12 months to July 2015 with the average for the 12 months to July   2014] stands at 0.9 per cent while the month – on-comparable - month inflation rate [compared with July 2014] stands at 1.4 per cent.     The All Items CPI for the month of July 2015 registered an increase of 0.2 per cent over June 2015 [107.7] and stands at 107.9.

     

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

 

FOOD AND NON-ALCOHOLIC BEVERAGES: -0.6%

Lower prices were recorded for meat, fish & seafood, oils & fats, fruits, vegetables, confectioneries and non-alcoholic beverages such as coffee and cocoa.

 

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: +0.7%

Higher prices were recorded for spirits, wines, cigarettes and yaqona.

 

CLOTHING AND FOOTWEAR: -0.2%

Lower prices were recorded for garments.

 

HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS: +0.4%

Higher prices were recorded for paint and liquid fuels.

 

FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE HOUSEHOLD MAINTENANCE: +0.2%

Higher prices were recorded for furniture & furnishings, major household appliances whether electric or not, glassware, tableware & household utensils, major tools & equipment and small tools & miscellaneous accessories.

 

HEALTH: +0.1%

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

 

TRANSPORT: +1.7%

Higher prices were recorded for fuels & lubricants.

 

COMMUNICATION: 0.0%

No price changes were recorded in this division.

 

RECREATION AND CULTURE: -0.2%

Lower prices were recorded for equipment for reception, recording & reproduction of sound and picture, photographic & cinematographic equipment & optical instruments, information processing equipment, camping & open air recreation and garden plants & flowers.

 

EDUCATION: 0.0%

No price changes were recorded in this division.

 

RESTAURANTS AND HOTELS: 0.0%

No price changes were recorded in this division. 

 

MISCELLANEOUS GOODS AND SERVICES: +0.1%

Higher prices were recorded for other appliances, articles & products for personal care.

 

cpiJul15c 

 

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For further enquiries please contact Mr. Peni Waqawai on email or Telephone

331 5822 (ext.386 239) or direct line 323 0839.

 

 

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