THE cost of living in Jersey rose by 12.7% last year – the biggest increase in inflation since the early 1980s.
The rise in the annual rate of inflation was mainly driven by housing costs, particularly the rising costs of mortgage interest payments, following increases in the Bank of England base rate over the year, according to a report by Statistics Jersey.
The report showed that:
-
Food costs increased by 14.2%
-
Housing costs rose by 24.4%
-
Fuel and light rose by 22.7%
-
Motoring increased by 12.3%
-
Clothing increased by 5.1%
