Consumer Price Index

[Base: Average 12 months 2008 = 100.0]

 

Release No: 55, 2013                                                                                                                                                  

01st August, 2013


 

 

July 2013 Highlights

 

CPIjul13 CPIjul13a

The average annual rate of inflation for the

twelve months to July 2013 [i.e. comparing the

average CPI for the 12 months to July 2013 with

the average for the 12 months to July 2012] stands at 2.7 percent while the month – on-comparable - month inflation rate [compared with July 2012] stands at 1.9 percent.

The All Item Consumer Price Index [CPI] for the  month of July 2013 registered a decrease of 0.2 percent over June 2013 [121.3] and stands at 121.1.            

 

The Consumer Price Index, which covers price changes in the urban areas Suva, Lami, Nasinu, Nausori, Lautoka, Nadi, Ba and Labasa, has weights derived from the Household Income and Expenditure Survey of 2008/2009.

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 [i.e.12 months previously].

 

Details of price changes between June and July 2013 by expenditure groups are as follows:

FOOD AND NON-ALCOHOLIC BEVERAGES: -0.6%

Lower prices were recorded for fruits and vegetables, confectioneries and other food products. The non–alcoholic beverages group also experienced some price decreases with coffee and tea.

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: +2.2%

Higher prices were recorded for alcoholic beverages, cigarettes and yaqona.

CLOTHING AND FOOTWEAR: -1.2%

Lower prices were recorded for garments.

HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS:  -0.7%

 Lower prices were recorded for paints, gas and kerosene.

FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE HOUSEHOLD MAINTENANCE: +0.0%

Price changes were recorded in this division but they balanced out.

HEALTH: +2.3%

Higher prices were recorded for prescribed medicines.

TRANSPORT: -0.9%

Lower prices were recorded for some new and second-hand vehicles and fuels.

COMMUNICATION: +0.2%

Higher prices were recorded for mobile phones.

RECREATION AND CULTURE: -0.6%

Lower prices were recorded for audio visuals.

EDUCATION: 0.0%

No price change was recorded in this division.

RESTAURANTS AND HOTEL: 0.0%

No price change was recorded in this division.

MISCELLANEOUS GOODS AND SERVICES: -0.1%

Lower prices were recorded for personal care items.

 

CPIjul13b

 

 

For further enquiries please contact Mr Sitiveni Sikivou on 3315822 ext 178.

 

Click HERE for tables

 

The Consumer Price Index for August, 2013 will be released on 30th August, 2013.