Month-on-month inflation rate for May this year compared to last year stands at 5%

Month-on-month inflation rate for May this year compared to last year stands at 5%

By Vijay Narayan
Tuesday 21/06/2022
Aerial view of Suva City.

The month-on-month inflation rate for May this year compared to last year stands at 5 percent.

The Fiji Bureau of Statistics says the average annual rate of inflation for the twelve months to May 2022 stands at 2.2 percent.

The transport sector recorded a 14.7 percent increase as higher prices were recorded for spare parts and accessories for personal transport equipment, fuel and lubricants for personal transport equipment and passenger transport by road.

The housing, water, electricity, gas and other fuels also recorded an increase of 1.9 percent as higher prices were recorded for paint, cooking gas and liquid fuels.

Higher prices were also recorded for clothes and shoes.

There was a 0.4 percent increase in pharmaceutical products and other medical products and 0.1 percent increase as higher prices were recorded for furniture & furnishings, household textiles, major household appliances whether electric or not, small electric household appliance, glassware, tableware and household utensils, major tools and equipment and small tools and miscellaneous accessories.

There was a 1.2 percent decrease recorded with lower prices recorded for meat, fish and sea food, milk, cheese and eggs, fruit, vegetables, sugar, jam, honey, chocolate and confectionery and non-alcoholic beverages such as coffee, tea and cocoa.

Alcoholic beverages, tobacco and narcotics recorded a 0.8 percent decrease with lower prices recorded for yaqona.

FEATURE NEWS
Drua avenges loss defeating Moana Pasifika 24-17 in Lautoka
The Swire Shipping Fijian Drua have avenged their loss to Moana Pasifika in Round 2 of the Shop N Save Super Rugby Pacific after defeating them 24-17 ...
11 minutes ago
LATEST NEWS
Fan's start arriving at Lautoka's Churchill Park
People are starting to arrive at Lautoka's Churchill Park in anticipation of the Pacific battle between the Swire Shipping Fijian Drua and Moana ...
3 hours ago

Gold watch worn by richest passenger aboard Titanic to be sold at auction
A gold watch worn by John Jacob Astor IV, a member of the wealthy Astor family and the richest man aboard the Titanic, will go up for sale at an ...
4 hours ago

Sigatoka Riverbank Amphitheater to unite people and boost revenue for the Council
The Sigatoka Riverbank Amphitheatre will be the stage upon which our communities’ stories will unfold, laughter echoes and where people will ...
5 hours ago

Trashboom Project launch turning point for Moala Settlement in Nasinu
A new day has come for people living in the Moala Settlement in Nasinu because they will no longer call their river bank a dumping site after the ...
5 hours ago

Sri Madhusudan Sai Institute of Medical Sciences and Research Fiji to be established - Tappoo
The Sai Prema Foundation has announced that it will establish the Sri Madhusudan Sai Institute of Medical Sciences and Research Fiji to nurture and ...
5 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Radrodro reinstated as Education Minister
Prime Minister Sitiveni Rabuka has reappointed the new SODELPA Leader, Aseri Radrodro to his previous post as Minister for ...
2 days ago

Bainimarama and Qiliho's Acquittal Appeal
Coverage on the appeal filed by Acting Director of Public Prosecutions, John Rabuku against the acquittal of the former Prime Minister Voreqe ...
24 days ago

National Program Manager for Fiji 7s, Gareth Baber appears on fijivillage Straight Talk With Vijay Narayan
Gareth Baber appeared on fijivillage Straight Talk With Vijay Narayan to share his plans heading into the preparations for the upcoming tournaments ...
25 days ago

TOP