CONSUMER PRICE INDEX - July 2016

FBoS Release No: 40, 2016
28th July 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.

July 2016 Highlights

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The average annual rate of inflation for the twelve months to July 2016 [i.e. comparing the average CPI for the 12 months to July 2016 with the average for the 12 months to July 2015] stands at 2.5 per cent while the month – on-comparable - month inflation rate [compared with July 2015] stands at 5.5 per cent.

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The All Items CPI for the month of July registered an increase of 0.4 per cent over June 2016 [113.4] and stands at 113.8.

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 June 2016 and July 2016 by expenditure class are as follows:

FOOD AND NON-ALCOHOLIC BEVERAGES: -0.2%

Lower prices were recorded for fish & sea food, oils & fats, vegetables, sugar, jam, honey, chocolates & confectioneries.

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: +0.8%

Higher prices were recorded for spirits, beer and tobacco.

CLOTHING AND FOOTWEAR: +0.2%

Higher prices were recorded for clothing materials and garments.

HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS: +0.9%

Higher prices were recorded for gas and liquid fuels.

FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE HOUSEHOLD MAINTENANCE: -0.1%

Lower prices were recorded for household textiles, major household appliances whether electric or not and small electric household appliances.

HEALTH: +0.2%

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

TRANSPORT: +0.9%

Higher prices were recorded for motor cars, petrol and diesel.

COMMUNICATION: 0.0%

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

RECREATION AND CULTURE: +1.6%

Higher prices were recorded for equipment for reception, record & reproduction of sound & picture, information processing equipment, recording media and games, toys & hobbies.

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 Sitiveni Sikivou on email or telephone 331 5822 (ext. 386 239) or direct line 323 0839.

The Consumer Price Index for August 2016 will be released at the end of August, 2016.