The Fiji Bureau of Statistics has announced an average annual inflation rate of -1.8 percent for the year ending February 2026, indicating a noteworthy decrease in prices compared to the previous year, thereby showcasing a deflationary trend. This data was derived from an analysis of the average Consumer Price Index (CPI) during the period from March 2025 to February 2026.
On a month-to-month basis, February 2026 recorded a -0.5 percent inflation rate when compared to February 2025. However, the CPI noted a rise of 1.0 percent from January 2026 to February 2026, increasing from 110.9 to 112.0.
The food and non-alcoholic beverages category experienced the most significant rise, with prices increasing by 2.5 percent. Essential items such as bread, cereals, various meats, fish, seafood, vegetables, confectionery, coffee, tea, cocoa, and soft drinks were notably affected by these price hikes.
The miscellaneous goods and services sector also contributed to the inflation figures, witnessing a 2.2 percent increase driven primarily by higher costs in personal grooming, jewelry, and other personal effects. Moreover, prices for alcoholic beverages and tobacco saw a 1.5 percent rise, including increases in spirits, wine, beer, and yaqona.
In contrast, several sectors reported price declines. The transport sector experienced a decrease of 1.5 percent, attributed to reduced prices for motor vehicles, fuel, and sea transport services. Restaurants and hotels also saw a reduction of 1.0 percent, mainly due to lower accommodation prices. Additionally, minor declines in the recreation, culture, and health sectors were recorded, at 0.3 and 0.1 percent, respectively.
The CPI, a crucial measure of average price changes for goods and services purchased by households, is based on monthly price collections in urban areas including Suva, Lami, Nasinu, Nausori, Lautoka, Nadi, Ba, and Labasa, while also considering price movements in rural areas.
These statistics offer important insights into Fiji’s economic climate. Despite certain areas seeing significant price increases, particularly in food and personal goods, other sectors are benefiting from price declines, suggesting a diverse and balanced economic landscape. This nuanced outlook points to potential for positive economic adjustments as the nation navigates these changing financial dynamics.