CONSUMER PRICE INDEX - March 2016

FBoS Release No: 09, 2016
31st March 2016


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 2016 Highlights

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The average annual rate of inflation for the twelve months to March 2016 [i.e. comparing the average CPI for the 12 months to March 2016 with the average for the 12 months to March 2015] stands at 1.2 per cent while the month – on-comparable - month inflation rate [compared with March 2015] stands at 0.8 per cent.

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The All Items CPI for the month of March registered an increase of 0.1 per cent over February 2016 [110.1] and stands at 110.2.

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 March 2016 and February 2016 by expenditure class are as follows:

FOOD AND NON-ALCOHOLIC BEVERAGES: +0.1%

Higher prices were recorded for bread & cereals, fish & sea food, milk cheese & eggs, oils & fats, fruits, vegetables, sugar, jam, honey, chocolate & confectionery, non-alcoholic beverages including coffee, tea & cocoa and mineral water.

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: +1.2%

Higher prices were recorded for spirits, tobacco and yaqona.

CLOTHING AND FOOTWEAR: -0.1%

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%

Lower prices were recorded for furniture & furnishings, major household appliances electric or not, major tools & equipment and non-durable household goods.

HEALTH: -0.9%

Lower prices were recorded for pharmaceutical products.

TRANSPORT: +0.1%

Higher prices were recorded for motor cars and spare parts & accessories for personal transport equipment.

COMMUNICATION: +0.1%

Higher prices were recorded for telephone & telefax equipment.

RECREATION AND CULTURE: +0.2%

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

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: 0.0%

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

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