Whether or not the oil supply has indeed become more elastic, and may therefore permanently reduce the upside contribution of energy to headline inflation, is, ultimately, an empirical question. [4] But more fundamentally, changes in the oil market have been accompanied by equally far-reaching changes in the use of oil as a production input.
  While the number of life policies enforced increased by 2,977 in 2018, there was a significant 62.5 percent decline in general (non-life) insurance policies compared to 2017 i.e. a reduction of 124,465 policies arising from the transfer of the Compulsory Third Party (CTP) class to the Accident Compensation Commission Fiji (ACCF).