Consumer Price Index

[Base: Average 12 months 2008 = 100.0]

 

Release No: 61, 2013                                                                                                                                                  

30th August, 2013


 

August 2013 Highlights

CPIAug13 CPIAug13a                                                                           
The average annual rate of inflation for the twelve months to August 2013 [i.e. comparing the average CPI for the 12 months to August 2013 with the average for the 12 months to August 2012] stands at 2.7 percent while the month – on-comparable - month inflation rate [compared with August 2012] stands at 2.5 percent.

The All Item Consumer Price Index [CPI] for the month of August 2013 registered an increase of 0.3 percent over July 2013 [121.1] and stands at 121.5.

 

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 July and August 2013 by expenditure groups are as follows: 

 

FOOD AND NON-ALCOHOLIC BEVERAGES: +1.0%

Higher prices were recorded for bread and cereals, meat, fish and seafood, dairy products, oils and fats, confectioneries and other food products. The non–alcoholic beverages group also experienced some price increases with mineral water and fruit juice.

 

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: -0.5%

Lower prices were recorded for alcoholic beverages and yaqona.

 

CLOTHING AND FOOTWEAR: +0.3%

Higher prices were recorded for clothing materials, other articles of clothing and footwear.

 

HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS: 0.0%

 No price change was recorded in this division.

 

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

Higher prices were recorded for household textiles, household utensils and household equipments.

 

HEALTH: 0.0%

No price change was recorded in this division.

 

TRANSPORT: -0.1%

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

 

COMMUNICATION: 0.0%

Price changes recorded in this division balanced out.

 

RECREATION AND CULTURE: +0.9%

Higher prices were recorded for audio visuals, other recreational items and stationery.

 

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%

Higher prices were recorded for personal effects.

 

CPIAug13b

 

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For further enquiries please contact Mr Sitiveni Sikivou on Telephone 3315822 ext 178 or email:

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