Consumer Price Index

[Base: Average 12 months 2008 = 100.0]

 

Release No: 54, 2013

22nd July, 2013


 

The Consumer Price Index (CPI) has been re-structured, re-weighted and re-classified with 2008 as a base year. The CPI for the base year is equal to 100.0. The new weights incorporate price adjusted expenditure data from the 2008/2009 Household Income and Expenditure Survey (HIES).  The items have been re-grouped using the Fiji Classification of Individual Consumption According to Purpose (FCOICOP) 2010 to reflect International standards and practices. The index will continue to cover price changes in the following urban areas; Suva, Lami, Nasinu, Nausori, Lautoka, Nadi, Ba and Labasa.

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].

 

June 2013 Highlights

 

 CPIjune13  CPIjune13a

The average annual rate of inflation for the twelve months to June 2013 [i.e. comparing the average CPI for the 12 months to June 2013 with the average for the 12 months to June 2012] stands at 2.7 percent while the month – on-comparable - month inflation rate [compared with June 2012] stands at 1.7 percent.

The All Item Consumer Price Index [CPI] for the month of June 2013 registered a decrease of 0.5 percent over May 2013 [121.9] and stands at 121.3.

 

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

FOOD AND NON-ALCOHOLIC BEVERAGES: -1.6%

Lower prices were recorded for bread and cereals, fish and seafood, oils and fats, fruits, vegetables, confectioneries and other food products. The non–alcoholic beverages group also experienced some price decreases namely coffee, tea, cocoa, mineral water and soft drinks.

ALCOHOLIC BEVERAGES, TOBACCO AND NARCOTICS: -0.5%

Lower prices were recorded for alcoholic beverages, tobacco and yaqona.

CLOTHING AND FOOTWEAR: +2.2%

Higher prices were recorded for garments and footwear.

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

 Price changes of paints were recorded but they balanced out.

FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE HOUSEHOLD MAINTENANCE: -0.2%

Lower prices were recorded in the furniture and furnishings group, household textiles, glassware, tableware and household utensils, miscellaneous accessories and non durable household goods.

HEALTH: -1.8%

Lower prices were recorded for medical products.

TRANSPORT: -0.1%

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

COMMUNICATION: 0.0%

No price changes were recorded in this division.

RECREATION AND CULTURE: +3.1%

Higher prices were recorded for audio visuals and stationeries.

EDUCATION: 0.0%

No price change was recorded in this division.

RESTAURANTS AND HOTEL: -0.7%

Lower prices were recorded for restaurant meals.

MISCELLANEOUS GOODS AND SERVICES: -0.3%

Lower prices were recorded for personal care items.

 

CPIjune13b

 

 

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

 

The Consumer Price Index for July, 2013 will be released on 31st July, 2013.