There are several other explanations such as that global food prices also rose and our exchange rate depreciated which exacerbated domestic food inflation. But subsequent moderation in global food prices has not dampened our food inflation. Of course food inflation has come off its peak, but its persistence around double digit level suggests that that there must be some thing more fundamental at play.
This is the first Microfinance Expo organized by the Reserve Bank this year and follows two we had in the maritime zone and at the Suva Hibiscus festival last year.