Fiji Times Wednesday 05 July 2017 FIJI’s annual inflation rate recorded a major drop to 2.5 per cent in May; making it the lowest over the past two years.
This was revealed in the Reserve Bank of Fiji’s Economic Review for June released on Monday.
Because of the post-effects of Severe Tropical Cyclone Winston, the inflation rate had mainly remained high from August last year until the first four months of this year.
The central bank reported that inflation had dropped from 4.1 per cent in April, but was still too high after remaining above the 5.0 per cent mark in the first quarter.
Higher inflation was recorded in January by 6.8 per cent, 5.5 per cent in February and 5.6 per cent in March from 2017. Read more…
