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Do Price Controlled Basic Food Items Affect Inflation In Fiji?

Author

Listed:
  • Joel Abraham

    (Fijian Competition and Consumer Commission, Suva, Fiji)

  • Akeneta Vonoyauyau

    (Fijian Competition and Consumer Commission, Suva, Fiji)

  • Seema Wati Narayan

    (Monash University, Melbourne, Australia)

Abstract

This note examines the effects of price-controlled perishable food items on inflation in Fiji. We study year-on-year changes in headline inflation and disaggregate measures of inflation in the form of food and non-alcoholic beverages and vegetables against three perishable food items used daily by Fijian households, namely, potatoes, onion, and garlic over the period 2019:01-2022:08. We also follow Narayan et al. (2023), allowing for the lags and leads framework in examining Fiji’s inflation. Our results show that the leads and lags model explain 22%, 27% and 65% of headline, food and non-alcoholic beverages and vegetables inflation rates, respectively, over the period 2019-2022. However, as expected, none of the price-controlled perishable food items can explain Fiji’s inflation.

Suggested Citation

  • Joel Abraham & Akeneta Vonoyauyau & Seema Wati Narayan, 2023. "Do Price Controlled Basic Food Items Affect Inflation In Fiji?," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 26(4), pages 607-616, November.
    • Handle: RePEc:idn:journl:v:26:y:2023:i:4d:p:607-616
    DOI: https://doi.org/10.59091/2460-9196.2120
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