Inflation stands at 2.6pc, foreign reserves drop

Fake Facebook profiles involving the Reserve Bank of Fiji

The Fiji Times, 01 January 2018 – FIJI’s annual inflation anchored at 2.6 per cent in November, same as earlier in October, the Reserve Bank of Fiji stated in its December 2017 Economic Review.

The country’s inflation rate averaged 3.93 per cent from 2003 until 2017, reaching an the highest of 10.50 per cent in April of 2010 and a record low of -0.30 per cent in April of 2009.

Taking a review of inflation over the year, it had increased to 2.6 per cent in October from 2.0 per cent earlier recorded in September. Read more…