Consumer Price Index

[Base: Average 12 months 2005 = 100.0]

 

Release No: 36, 2013

31st May, 2013


 

The average annual rate of inflation for the twelve months to May 2013 [i.e. comparing the average CPI for the 12 months to May 2013 with the average for the 12 months to May 2012] stands at 2.9 percent while the month – on-comparable - month inflation rate [compared with May 2012] stands at 1.5 percent.

The All Item Consumer Price Index [CPI] for the month of May, 2013 registered a decrease of 0.4 percent over April 2013 [146.9] and stands at 146.3.

The Consumer Price Index, which covers price changes in urban areas [Suva, Lami, Nausori, Lautoka, Nadi, Ba and Labasa], has weights derived from the Household Income and Expenditure Survey of 2002/2003.

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. The other, which is used in most countries, compares the CPI in the current month with the CPI in the comparable month of the previous year [ie.12 months previously].

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

 

FOOD: -0.8%

Lower prices were recorded for bakery products, wheat products, cereals, fresh meat, fresh fish, fruits, fruit juice, tea, milo, ovaltine, cocoa and market items such as french bean, english cabbage, local tomato, cucumber, rourou, bele, pumpkin, onion, potato, garlic, cassava, split peas, blue peas and yaqona.

ALCOHOLIC DRINKS AND TOBACCO: -0.7%

Lower prices were recorded for some alcoholic spirits, warm beer and cigarettes. 

HOUSING:  0.0%

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

HEATING AND LIGHTING: 0.0%

No price changes were recorded in this section.

DURABLE HOUSEHOLD GOODS: -0.1%

Lower prices were recorded for electrical and non-electrical appliances, duty free goods and travel and sports goods.  

CLOTHING AND FOOTWEAR: +0.1%

Higher prices were recorded for women’s and children’s wear and men’s and women’s footwear. 

TRANSPORT: -0.1%

Lower prices were recorded for motor vehicles and spare parts.

 

SERVICES: 0.0%

No price changes were recorded in this section.



MISCELLANEOUS: -0.5%

Lower prices were recorded for stationery, medical goods, toiletries, laundry goods and other household goods.

 

CPIMay2013

 

For further enquiries please contact Mr Avinesh Mani on 3315822 ext 113.

   

Consumer Price Index Release for June 2013 will be available on 28th June, 2013.