CONSUMER PRICE INDEX - April 2016

FBoS Release No: 21, 2016
29th April 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.

April 2016 Highlights

cpiApr16a

The average annual rate of inflation for the twelve months to April 2016 [i.e. comparing the average CPI for the 12 months to April 2016 with the average for the 12 months to April 2015] stands at 1.4 per cent while the month – on-comparable - month inflation rate [compared with April 2015] stands at 3.8 per cent.

The All Items CPI for the month of April registered an increase of 1.7 per cent over March 2016 [110.2] and stands at 112.1.

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

FOOD AND NON-ALCOHOLIC BEVERAGES: +6.3%

Higher prices were recorded for fish & sea food, milk cheese & eggs, fruits, vegetables, food products not elsewhere classified, non-alcoholic beverages including coffee, soft drinks, fruit juices, vegetable juices and cordial.

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: +3.6%

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

CLOTHING AND FOOTWEAR: +2.3%

Higher prices were recorded for clothing materials, garments and shoes & other footwear.

HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS: -3.1%

Lower prices were recorded for gas and liquid fuels.

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

Higher prices were recorded for glassware, tableware & household utensils, major tools & equipment, small tools & miscellaneous accessories and non-durable household goods.
HEALTH: -0.1%

Lower prices were recorded for pharmaceutical products.

TRANSPORT: -1.9%

Lower prices were recorded for bicycles, spare parts & accessories for personal transport equipment and fuels & lubricants for personal transport equipment.

COMMUNICATION: 0.0%

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

RECREATION AND CULTURE: -0.1%

Lower prices were recorded for equipment for reception, record & reproduction of sound & picture, photographic & cinematographic equipment & optical instruments, games, toys & hobbies and cultural services.

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.

 cpiApr16d

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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 May 2016 will be released at the end of May, 2016.