CONSUMER PRICE INDEX - December 2015

FBoS Release No: 90, 2015                                                                      

30th December 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. 

December 2015  Highlights

cpiDec15a

The average annual rate of inflation for the twelve months to December 2015 [i.e. comparing the average CPI for the 12 months to December 2015 with the average for the 12 months to December   2014] stands at 1.4 per cent while the month – on-comparable - month inflation rate [compared with December 2014] stands at 1.6 per cent.    

cpiDec15b  

The All Items CPI for the month of December 2015 registered an increase of 0.5 per cent over November 2015 [108.9] and stands at 109.4.

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 December 2015 and November 2015 by expenditure groups are as follows: 

FOOD AND NON-ALCOHOLIC BEVERAGES: +0.3%

Higher prices were recorded for fish & seafood, milk, cheese & eggs, oils & fats, fruit, vegetables, jam, jelly, honey, ice cream and non-alcoholic beverages including fruit juices, vegetable juices and syrup & concentrates for preparation of beverages.  

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: +2.1% 

Higher prices were recorded for spirits, wine, beer, tobacco and yaqona.

CLOTHING AND FOOTWEAR: -0.2%

Lower prices were recorded for garments, other articles of clothing & clothing accessories and shoes & other footwear.

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

Some price changes were recorded in this division but these balanced out.

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

Higher prices were recorded for furniture & furnishings, glassware, tableware & household utensils, major tools & equipment, small tools & miscellaneous accessories and non-durable household goods.

HEALTH: -0.7%

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

TRANSPORT: 0.0%

Some price changes were recorded in this division but these balanced out.

COMMUNICATION: +0.1%

Higher prices were recorded for telephone & telefax equipment.

RECREATION AND CULTURE: +0.1%

Higher prices were recorded for equipment for the reception, record & reproduction of sound & pictures and equipment for sport, camping & open air recreation.

EDUCATION: 0.0%

No price changes were recorded in this division.

RESTAURANTS AND HOTELS: +0.1%

Higher prices were recorded for restaurants, cafes & the like.

MISCELLANEOUS GOODS AND SERVICES: 0.0%

Some price changes were recorded in this division but these balanced out.

cpiDec15c

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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 January 2016 will be released on 29th January, 2016.