Inflation rate up

Fiji Times, Monday 1st May 2017.

FIJI’s inflation rate increased to 5.6 per cent in March from 5.5 per cent in February 2017, the Reserve Bank of Fiji has reported.

The inflation rate eased to 5.5 per cent in February after it had peaked to a high 6.8 per cent earlier in January.

In the RBF Economic Review for month of April released last week, the central bank stated that inflation was driven by higher prices in alcoholic beverages, tobacco & narcotics; furnishings, household, equipment & routine household maintenance; food & non-alcoholic beverages; restaurants & hotels; and clothing & footwear categories. Read More…