THE Island’s rate of inflation has fallen marginally to 2.3%, new figures have revealed.
Jersey’s Retail Prices Index (RPI) dropped by 0.2% from 2.5% compared to the previous quarter.
RPI measures the change from quarter to quarter in the price of goods and services bought by an average Island household.
Housing, tobacco and household services all contributed to the decrease in the annual rate of inflation, according to figures published by Statistics Jersey on Friday.
The organisation’s report for March showed prices in most groups continued to increase, and these increases were “similar to or less” than those over the past year to December 2024.
Leisure services, including entertainment, sport and leisure fees and holidays out of Jersey, was the price group that made the largest contribution to the annual rate of inflation (+0.6pp).
The 2.3% increase compared to a 5.7% rise in March last year.
