CONSUMER PRICE INDEX - December 2017

FBoS Release No: 89, 2017

29th December 2017


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 2017 Highlights

cpidec17a

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 November and December 2017 by expenditure class are as follows:

FOOD AND NON-ALCOHOLIC BEVERAGES: +0.8%
Higher prices were recorded for fish & sea food, vegetables, food products n.e.c. and non-alcoholic beverages such as coffee, tea & cocoa and mineral water, soft drinks & fruit juices.
ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: +1.1%
Higher prices were recorded for spirits, beer, tobacco and yaqona.

CLOTHING AND FOOTWEAR: -0.3%
Lower prices were recorded for garments and shoes & other footwear.

HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS: 0.0%
No price changes were recorded in this division.

FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE HOUSEHOLD MAINTENANCE: -0.9%
Lower prices were recorded for furniture & furnishings, major household appliances, major tools & equipment and non-durable household goods.
HEALTH: +0.5%
Higher prices were recorded for pharmaceutical products.

TRANSPORT: -0.1%
Lower prices were recorded for spare parts & accessories and fuels & lubricants.

COMMUNICATION: 0.0%
No price changes were recorded in this division.

RECREATION AND CULTURE: 0.0%
There were some price changes recorded in this division but these changes balanced out.

EDUCATION: 0.0%
No price changes were recorded in this division.

RESTAURANTS AND HOTELS: +0.3%
Higher prices were recorded for restaurant meals.

MISCELLANEOUS GOODS AND SERVICES: -0.1%

Lower prices were recorded for other appliances, articles & products for personal care and jewelry, clocks & watches.

 cpidec17b

CLICK HERE FOR RELATED TABLES

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 January 2018 will be released at the end of January, 2018.

 

Print Friendly, PDF & Email