Inflation falls in both Jersey and Guernsey

Inflation statistics have been published for both Guernsey and Jersey. Credit: ITV Channel

The latest inflation statistics show prices rises are slowing down across the Channel Islands with inflation falling the most in Jersey.

RPI, or Retail Price Index statistics, indicate how much the price of goods and services have changed in a set period.

Prices of products, such as shopping or eating out, are checked to see how much they have increased or decreased. 

  • Guernsey

Products and services have increased in price by 1.8% (RPI annual inflation).

One year ago this figure was higher at 1.9%. 

Nine of the groups used to measure RPI saw an average price increase in the three months ending in June 2020.

The largest increase in price increase was from leisure services. 

A separate measure, RPIX, which excludes mortgage payments, was 2.4%

  • Jersey

Products and services increased in price by 0.5% (RPI annual inflation). 

One year ago this figure was at 2.8%. 

Inflation rates have been changed as a result of coronavirus policies, such as reducing GP costs and ending parking charges in some car parks. 

A separate measure, RPIX, which excludes mortgage payments, was 0.8%.