JERSEY’S Retail Prices Index (RPI) rose by 3% in the 12 months to September, according to new statistics.
The figures released by Statistics Jersey are down from the 5% overall rate of inflation reported in July.
The RPI decreased from 5.7% to 5% in the previous quarter.
Jersey Consumer Council chair Carl Walker said: “It is great to see the RPI Index back down to normal levels of stability but it is important to remember we are already in a very unaffordable way of life and it will take a long time to recover.”
A slower increase in housing costs (0.8%) made the most notable contribution to the overall drop, but price increases for most groups were also similar to or less than those seen over the 12 months to June.
Leisure services – which includes entertainment, sport and leisure fees and foreign and UK holidays – made the largest contribution to the annual rate of inflation.
Food costs remain high and the inflation in this specific group has once again risen from 2.8% compared to 2.1% in the 12 months to June.
