DO PRICE CONTROLLED BASIC FOOD ITEMS AFFECT INFLATION IN FIJI?

Joel Abraham (), Akeneta Vonoyauyau and Seema Wati Narayan
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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

Bulletin of Monetary Economics and Banking, 2023, vol. 26, issue 4, 607-616

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.

Keywords: Inflation; Price-controlled; Food items; Fiji (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:26:y:2023:i:4d:p:607-616

DOI: 10.59091/2460-9196.2120

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