Building on an earlier newspaper article titled “Inflation in Fiji” (published in the Fiji Sun on 27 February, 2016) this article provides more in-depth analysis on one of the major factors that has underpinned the high inflation in recent months – yaqona prices.
What is inflation? Inflation is defined as the rise in the overall level of prices of goods and services in an economy over time.
How is inflation measured in Fiji? Inflation is calculated as the annual percent change (year-on-year (y-o-y)) in the Consumer Price Index (CPI). The CPI is a composite index that takes into account the total price of a standard basket of goods and services consumed by a typical Fijian family for a given period. This information can be sourced from the Fiji Bureau of Statistics (FBOS) monthly CPI release and website: http://www.statsfiji.gov.fj/