- Reduced VAT rates and strong supply have kept prices low in Fiji, leading to ten consecutive months of deflation and a 1.4% annual price decline.
- Lower prices for essentials like food, transport, fuel, and household goods offset increases in other sectors.
- Consumer demand remains strong, supported by increased lending, higher wages, and improved access to credit.
- Growth in inward remittances and vehicle registrations indicate continued consumer confidence.
- Accommodative monetary policy and ample banking liquidity have kept interest rates low, further supporting domestic demand.
Source: fijitimes.com.fj
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Fiji"
- Government Retains VAT Relief and Welfare Support in 2026-2027 Budget
- Fiji Faces Limited Revenue Options as VAT Cut Draws Criticism
- Opposition MP Urges VAT and Duty Cuts on Fuel for Real Relief to Families and Businesses
- Usamate Accuses Prof Prasad of Misleading Public in Heated VAT and Cost of Living Debate
- FRCS Warns 3,690 Taxpayers Over VAT Non-Compliance, Announces Strict Enforcement Actions
