Fiji Times, 31 January – ANY sharp increase in oil, food prices and adverse weather in the coming months could have an upward pressure on Fiji’s inflation rate.
The Reserve Bank of Fiji, in its 2017 January Economic Review, has projected the inflation rate in the near term to be driven domestically just as it was in 2016 following the two major natural disasters.
The central bank reported that in December last year, the inflation rate stood at 3.9 per cent, lower than the 4.3 per cent in November of the same year.
This was mainly underpinned by price increases in the alcoholic beverages, tobacco and narcotics, education, health, restaurants and hotels categories. Read more…
