Fiji Times Monday 04 September 2017 FIJI’s inflation rate remained low at 2.0 per cent in July and unchanged when compared with a month earlier, the central bank stated.
The Reserve Bank of Fiji (RBF) in its recent Economic Review stated that higher prices of alcohol and tobacco were offset to some extent by lower food prices, which have been declining for the past four months.
Nonetheless, the central bank expects subdued global oil prices; low trading partner inflation and domestic spare capacity would keep a tab on inflationary pressures and maintain inflation around 3.0 per cent by year-end.
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.
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…
