Fiji - Inflation, consumer prices (annual %) 1970 - 2022
Fiji's inflation, consumer prices (annual %) is currently 4.52%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Fiji's inflation, consumer prices (annual %) for 2022 was 4.52%, a 2,800.24% increase from 2021, with a +4 difference.
- In 2021 it was 0.156%, a 106.01% increase from 2020, with a +2 difference.
- In 2020 it was -2.595%, a -246.37% increase from 2019.
- In 2019 it was 1.773%, a -56.56% increase from 2018.
- In 2018 it was 4.081%, a 21.92% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Fiji is currently 5.4836% (average of years with recorded data) with a lowest recorded value of -2.5952% in 2020 and a highest value of 21.9785% in 1972.
Fiji's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1970 | 4.124% | |
| 1971 | 9.138% | 121.58% |
| 1972 | 21.979% | 140.51% |
| 1973 | 11.085% | -49.56% |
| 1974 | 14.498% | 30.79% |
| 1975 | 13.065% | -9.89% |
| 1976 | 11.432% | -12.49% |
| 1977 | 7.006% | -38.72% |
| 1978 | 6.108% | -12.82% |
| 1979 | 7.807% | 27.81% |
| 1980 | 14.493% | 85.65% |
| 1981 | 11.181% | -22.85% |
| 1982 | 7.032% | -37.11% |
| 1983 | 6.704% | -4.66% |
| 1984 | 5.291% | -21.08% |
| 1985 | 4.421% | -16.45% |
| 1986 | 1.799% | -59.31% |
| 1987 | 5.664% | 214.86% |
| 1988 | 11.758% | 107.61% |
| 1989 | 6.189% | -47.36% |
| 1990 | 8.191% | 32.35% |
| 1991 | 6.497% | -20.68% |
| 1992 | 4.883% | -24.85% |
| 1993 | 5.207% | 6.63% |
| 1994 | 0.817% | -84.31% |
| 1995 | 2.166% | 165.18% |
| 1996 | 3.05% | 40.84% |
| 1997 | 3.368% | 10.42% |
| 1998 | 5.712% | 69.58% |
| 1999 | 1.969% | -65.53% |
| 2000 | 1.092% | -44.52% |
| 2001 | 4.273% | 291.21% |
| 2002 | 0.762% | -82.16% |
| 2003 | 4.173% | 447.58% |
| 2004 | 2.827% | -32.24% |
| 2005 | 2.366% | -16.33% |
| 2006 | 2.491% | 5.29% |
| 2007 | 4.804% | 92.86% |
| 2008 | 7.732% | 60.96% |
| 2009 | 3.131% | -59.51% |
| 2010 | 3.689% | 17.82% |
| 2011 | 7.278% | 97.29% |
| 2012 | 3.423% | -52.96% |
| 2013 | 2.914% | -14.89% |
| 2014 | 0.519% | -82.18% |
| 2015 | 1.375% | 164.75% |
| 2016 | 3.863% | 180.99% |
| 2017 | 3.348% | -13.35% |
| 2018 | 4.081% | 21.92% |
| 2019 | 1.773% | -56.56% |
| 2020 | -2.595% | -246.37% |
| 2021 | 0.156% | 106.01% |
| 2022 | 4.52% | 2,800.24% |
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Comparison with Countries in the East Asia & Pacific Region.
Among countries in the same World Bank East Asia & Pacific (EAP) region, Fiji comes in 16th with 4.52% inflation, consumer prices (annual %).
- Within the same region, Myanmar comes in 6th with 8.825%, inflation, consumer prices (annual %).
- New Zealand comes in 7th with 7.172%.
- Australia comes in 8th with 6.594%.
- Singapore comes in 9th with 6.121%.
- Thailand comes in 10th with 6.077%.
- Philippines comes in 11th with 5.821%.
- Solomon Islands comes in 12th with 5.518%.
- Micronesia, Fed. Sts. comes in 13th with 5.409%.
- Cambodia comes in 14th with 5.344%.
- Korea, Rep. comes in 15th with 5.088%.
- Papua New Guinea comes in 17th with 4.484%.
- Indonesia comes in 18th with 4.209%.
- Brunei Darussalam comes in 19th with 3.682%.
- Malaysia comes in 20th with 3.379%.
- Vietnam comes in 21st with 3.157%.
- Japan comes in 22nd with 2.498%.
- Vanuatu comes in 23rd with 2.343%.
- China comes in 24th with 1.974%.
- Hong Kong SAR, China comes in 25th with 1.881%.
- And Macao SAR, China comes in 26th with 1.045%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the East Asia & Pacific Region.
Top 10 Countries in the East Asia & Pacific Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lao PDR | 22.96% | 2022 |
| 2 | Mongolia | 15.15% | 2022 |
| 3 | Palau | 12.35% | 2022 |
| 4 | Tonga | 10.97% | 2022 |
| 5 | Samoa | 10.96% | 2022 |
| 6 | Myanmar | 8.83% | 2019 |
| 7 | New Zealand | 7.17% | 2022 |
| 8 | Australia | 6.59% | 2022 |
| 9 | Singapore | 6.12% | 2022 |
| 10 | Thailand | 6.08% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Fiji comes in 39th with 4.52% inflation, consumer prices (annual %).
- Within the same income group, South Africa comes in 29th with 7.04%, inflation, consumer prices (annual %).
- Guatemala comes in 30th with 6.885%.
- Albania comes in 31st with 6.725%.
- Russian Federation comes in 32nd with 6.694%.
- St. Lucia comes in 33rd with 6.378%.
- Namibia comes in 34th with 6.081%.
- Thailand comes in 35th with 6.077%.
- St. Vincent and the Grenadines comes in 36th with 5.66%.
- Iraq comes in 37th with 4.995%.
- Equatorial Guinea comes in 38th with 4.787%.
- Gabon comes in 40th with 4.231%.
- Indonesia comes in 41st with 4.209%.
- Ecuador comes in 42nd with 3.466%.
- Malaysia comes in 43rd with 3.379%.
- Belize comes in 44th with 3.236%.
- Libya comes in 45th with 2.606%.
- Maldives comes in 46th with 2.333%.
- China comes in 47th with 1.974%.
- West Bank and Gaza comes in 48th with 1.237%.
- And Grenada comes in 49th with 1.22%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |