Prices: Consumer Price Index for Fiji
FJIPCPIPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
-4.33%
Date Range
1/1/1994 - 1/1/2029
Summary
The Consumer Price Index (CPI) for Fiji measures changes in the prices of a basket of consumer goods and services. It is a key indicator of inflation and a critical metric for economic policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Fiji CPI tracks the average change in prices paid by consumers for a representative basket of goods and services. It is a widely used measure of general price inflation and a vital tool for assessing the country's economic performance and guiding monetary and fiscal policies.
Methodology
The Fiji CPI data is collected through regular surveys of consumer expenditures and prices.
Historical Context
The Fiji CPI is closely monitored by the Reserve Bank of Fiji and used to inform interest rate decisions and other economic policies.
Key Facts
- The base year for the Fiji CPI is 2011.
- Fiji's CPI reached a record high of 123.1 in June 2022.
- Food and non-alcoholic beverages make up the largest component of the Fiji CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Fiji Consumer Price Index (CPI) measures the average change in prices paid by consumers for a basket of goods and services in Fiji.
Q: Why is this trend relevant for users or analysts?
A: The Fiji CPI is a critical indicator of inflation and a key metric for assessing the country's economic performance and guiding monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The Fiji CPI data is collected through regular surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The Fiji CPI is closely monitored by the Reserve Bank of Fiji and used to inform interest rate decisions and other economic policies.
Q: Are there update delays or limitations?
A: The Fiji CPI data is published regularly by the Fijian government, but there may be some delays or limitations in data availability.
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Citation
U.S. Federal Reserve, Prices: Consumer Price Index for Fiji (FJIPCPIPCPPPT), retrieved from FRED.