Current inflation Fiji 3.6%
January 2024
Current Inflation
Inflation is high at 3.6%, well above the ECB target.
Historical Context
Current inflation is 2.0% higher than the 5-year average of 1.6%.
- 5-year average
- 1.6%
- 10-year average
- 2.2%
- All-time high (2011)
- 7.3%
- All-time low (2020)
- -2.6%
Trend
Inflation has remained relatively stable. Compared to 2023, the difference is minimal (+1.4 percentage point).
ECB Target
Inflation is 1.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.60 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 3.6%
- Last year
- 2.2%
- 5-year average
- 3.6%
- All-time high (2011)
- 7.3%