PRICES in Jersey are rising at the same pace as three months ago, new inflation figures have revealed.
The figures, provided by Statistics Jersey, show that prices were 2.8% higher in December than a year ago – the same increase seen in September.
This annual increase was driven by “upward contribution” from several groups – most notably leisure services, motoring, household services, and food.
The data comes from the latest report on the Retail Prices Index, which was published yesterday.
“Leisure services, which includes entertainment, sport and leisure fees, and off- island holidays was the price group that made the largest contribution to the annual rate of inflation, contributing +0.5 percentage points to the rate,” the report said.
The Retail Prices Index is the main way inflation is measured in Jersey. It tracks how much the prices of goods and services bought by households have changed over time and is often used as a measure of the island’s cost of living.
The report also looks at how vulnerable Islanders – such as pensioners and those on low incomes – are faring.
It does this by looking at two specific measures of inflation: RPI Pensioners and RPI Low Income.
These are calculated on the different spending patterns of pensioner households and the lowest-income households in Jersey.
Over the past 12 months RPI Pensioners rose by 3.9%, from 4.1% in September, and RPI Low Income rose by 3.6%, from 4% in September.
The rate of inflation in Jersey, as measured by the RPI, was 0.8 percentage points lower than the UK’s comparable Consumer Prices Index figure, which stood at 3.6% in December.
