FCCC ramps up pre-budget market surveys to deter price hikes ahead of budget announcement

In anticipation of the 2025-2026 National Budget announcement this Friday, the Fijian Competition and Consumer Commission states that it is conducting pre-budget surveys and market monitoring to collect baseline prices across key markets and sectors nationwide. FCCC says by doing so, they will be well-positioned to assess and respond to any pricing trends or fluctuations that may arise as a result of the budget measures.

CEO Senikavika Jiuta stresses the importance of this work in building transparency and accountability.

She says accurate data enables them to swiftly address and deter unjustified price hikes or misleading market practices following the budget announcement.

Jiuta says they are committed to maintaining transparency and fairness for both consumers and traders.

The CEO says since last week, 122 focused surveys have been carried out nationwide.

She says these comprehensive efforts are employed to arm their enforcement team with critical pre-budget data, which will be instrumental in their investigative actions in the event of unjustified price hikes or deceptive practices following the announcement.

Jiuta says while market surveys are currently ongoing, FCCC is also conducting a routine market assessment of traders and businesses across various sectors.

She says this data is critical for the FCCC to effectively assess the potential impacts of the National Budget and to inform robust regulatory responses.

FCCC is reminding all traders and businesses to maintain ethical trading practices during this pre-budget period.

She stresses strong stakeholder collaboration is crucial to uphold market stability and protect the interests of both consumers and businesses.

Jiuta says their message is simple: do not take advantage of consumers, and they are watching and will act.

The CEO adds this is not a time to exploit uncertainty for profit—it’s a time for responsible business practices.

Deputy Prime Minister and Minister for Finance, Professor Biman Prasad will deliver the 2025-2026 Fiji National Budget at 10am this Friday in Parliament.