Fiji’s inflation rate has experienced a notable decline, dropping to negative 0.9 percent in April 2025, as reported by the Deputy Prime Minister and Minister for Finance, Professor Biman Prasad. This figure marks the lowest monthly inflation rate since May 2021 and represents a significant decrease from the 7.1 percent recorded in April 2024.
Professor Prasad attributed this positive shift in inflation to easing price pressures in crucial categories, including food, transport, clothing, and utilities. He stated, “This is welcome news for both the Government and ordinary Fijian households,” emphasizing that the decline reflects favorable global commodity trends, particularly the reduction in fuel prices, as well as the Government’s proactive measures to alleviate cost-of-living pressures.
He underscored the commitment of the Government to safeguard the welfare of all citizens, stating that they will continue to closely monitor inflation developments and are prepared to implement further actions to support families and stimulate inclusive economic growth.
These developments draw connections to earlier statistics indicating significant improvements in Fiji’s economic indicators. In the first quarter of the 2024-2025 fiscal year, the government’s revenue exceeded $1 billion, while expenditures stood at $956.3 million, resulting in a net surplus of $131.2 million or approximately 0.9 percent of the GDP. Earlier, inflation had already shown signs of decreasing, dropping to 1.4 percent in February 2025 from 4.6 percent in 2024.
The overall outlook for Fiji appears increasingly hopeful, as decreasing inflation rates, supported by government measures and favorable external conditions, suggest a path toward enhanced economic stability and welfare for its citizens. The ongoing efforts to monitor and improve the financial wellbeing of households, combined with effective fiscal management, are expected to nurture a resilient economy going forward.
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