Inflation in Nauru

Due to Nauru’s reliance’s on import products since it became independent in 1968, today the people had to suffered inflation on frozen goods from all businesses across the entire country, since the delay of cargo shipments arriving onshore and private businesses airlifting their products via Brisbane, Australia to Nauru. 

Photographic taken by: Clint Deidenang on 19 December 2012, 2:15pm

Hence, the end result of the process is quite very devastating for the end users as the price for a 2kgs chicken went up from $7.00AUD to around approximately $14.00AUD. Plus the issue of low level income, people suffered heavily on these new cost increases. Nauru has a developing country has a ‘Price Control Act’ and so a board of directors established under the act to implement price control on all businesses across the entire country. Unfortunately, since the bill is being passed by parliament in September 2, 2004 implementation and action on the “Act” is invisible.

Photographic taken by: Jeannette Francis on 17 December 2012, 4:07pm

Therefore, it is very inevitable that this will continue to happen if the government and parliament continues to tolerate such business behaviours, taking into account the country’s economic position under its reform strategy and vision under the NSDS from 2005 to 2025. 

Photographic copy of the NSDS page cover

Though it is clearly stated under the NSDS or National Sustainable Development Strategy that government should encourage the development of small businesses, they must also ensure aligning their priorities towards the fundamentals of the NSDS which states: -  

“A future where individual, community, business and government partnerships contribute to a sustainable quality of life for all Nauruans”