Inflation Dips Slightly To 7%

Guernsey's cost of living continues to ease, with another dip in the quarterly figures.

RPI is now 7%. That's down 0.9% in a year, and 1.5% down from the December 2022 high.

Jersey's inflation also dropped this quarter, but it is still higher than here at 10.1% - while in the UK it's 8.9%.

Guernsey's Data and Analysis team says the biggest quarterly increase was in Fuel and light, which rose by 8.7%.

The 2023 Guernsey Inflation Bulletin shows price increases in household essentials, such as tea, milk products, and eggs.

RPIX, which excludes mortgages, has also dropped. It is 6.3% - which is 1.7 percentage points lower than for the year ending in September 2022.