The Fijian government is taking significant steps to address the rising cost of living by intensifying efforts to ensure that budget relief measures reach households effectively. Deputy Prime Minister and Minister for Finance, Professor Biman Prasad, announced the formation of a task force dedicated to monitoring the impact of government policies on consumer prices. This task force includes representatives from the Fiji Revenue and Customs Service, Ministry of Finance, Fiji Commerce Commission, and the Consumer Council. Its main goal is to ensure the reductions in duties and other government measures are passed down to consumers through lower prices on key goods.
The government recently reduced or eliminated duties on several essential items such as chicken, frozen fish, and various vegetables and fruits, which were implemented in the latest budget measures. By ensuring compliance and addressing instances where businesses fail to pass reductions on to consumers, the task force plays a vital role in supporting Fijian households.
Professor Prasad emphasized this approach is crucial, noting that policies are working effectively, although the task force cannot monitor every small shop but focuses on general compliance. Alongside these measures, the government is also supporting households through subsidies, increased wages for civil servants, and higher prices for agricultural produce. These efforts, combined with a reduction in inflation and a Consumer Price Index average of negative one percent from January to August 2025, aim to combat the financial pressures on Fijians.
Initiatives and supportive measures are injecting approximately $500 million into the economy, helping stabilize household finances and improve living conditions. With inflation in negative territory for seven consecutive months, these measures reflect a concerted effort to ease financial burdens.
Overall, these proactive strategies demonstrate a commitment to reducing the cost of living and enhancing economic stability in Fiji. By ensuring that policy measures translate into tangible benefits for consumers, the government aims to create a financially sustainable environment for its citizens, fostering hope for improved living conditions amidst ongoing economic challenges.