June 6, 2010

Fiji Inflation hits 9.4% in May: Bureau

Fiji Broadcasting Corporation - June 04, 2010 
Fiji’s average annual rate of inflation stood at 9.4 percent in May 2010, compared to the same month in 2009, the Bureau of Statistics said in figures released this week.

The Consumer Price Index (CPI) 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.

The average CPI for the 12 months to May 2010 stood at 6.6 percent compared with the average for the 12 months to May 2009.

The Bureau said the CPI for the month of May 2010 registered an increase of 0.1 percent over
April 2010 (126.4) and stands at 126.5.

In price changes recorded over the previous month, food prices dropped 0.6 percent with lower prices recorded for cereals, fresh fish, fresh fruits, mineral water, yaqona, fats and oils, tea, milo, ovaltine, top dressings, confectionery and market items such as imported carrot, okra, egg plant, rourou, pumpkin, onion, potato, dalo, cassava and blue peas.

The transport category recorded an increase of 1.9 percent with higher prices recorded for new vehicles, petrol, diesel, new tyres and spare parts.

Alcoholic drinks and tobacco saw a drop of 0.1 percent with lower prices recorded for cigarettes.

The Bureau said the housing and clothing and footwear categories recorded some changes but these were “balanced out”.

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