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Market Update: Fiji Consumer Prices Fall for 3rd Month

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Market Update: Fiji Consumer Prices Fall for 3rd Month

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Market Update: Fiji Consumer Prices Fall for 3rd Month
Consumer prices in Fiji decreased by 1.6 percent year-on-year in May 2021, following a 2.4 percent drop in the previous month. It was the third straight month of decline in consumer prices, as prices fell for clothing & footwear (-2.4 vs -2.6% in April), furnishing, household equipment & routine maintenance (-1.4% vs 1.5%), and alcoholic beverages & tobacco (-17.9% vs -18.8%). Meanwhile, prices rose further for transport (2.1% vs 5.7%), food and non-alcoholic beverages (3.7% vs 2.4%), housing & utilities (2.9% vs 1.5 %), health (1.3% vs 1.0%), miscellaneous goods & services (0.5% vs 0.6%), and restaurants & hotels (0.3% vs 0.3%). On the other hand, communication prices were unchanged (vs 0.2%). On a monthly basis, consumer prices were up 0.9 percent, after a flat reading in April. source: Reserve Bank of Fiji [/s2If]
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