Development of inflation rates on the Fijis
The inflation rate for consumer prices on the Fijis moved over the past 40 years between 0.5% and 14.5%. For 2019, an inflation rate of 1.8% was calculated.
During the observation period from 1979 to 2019, the average inflation rate was 4.8%
per year. Overall, the price increase was 530.64 %. An item that cost 100 Dollar in 1979 was so charged 630.64 Dollar in the beginning of 2020.
In only a very few countries, the price increase is that high. The rate of 14.5% in 1980 means, that compared to the previous year all prices have been increased by an average of 14.5%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Fiji