4 Oct 2007

Fiji inflation on downward trend

8:18 am on 4 October 2007

Fiji's inflation rate has now eased for two consecutive months.

Apart from the lower price of transport items, the Reserve Bank of Fiji says an improved supply of market produce continues to have an easing impact on prices.

The Fiji Live website reports the Bank saying inflation stood at 5-point-1 percent in August compared to 6-point-4 percent registered in July and 7-point-1 percent in June.

The bank says the general rise in average trading partner inflation, from 2 percent in May to 2-point-2 percent in August may keep some upward pressure on prices.

However, the Bank said year end inflation may turn out to be lower than the current forecast of 7 percent.