Inflation shrinks again in Jersey to 5%

Wednesday, 24 July 2024 11:11

Inflation has fallen to 5% in the three months to June 2024.

A few groups have helped to bring down the rate of price rises, with housing being the most notable contributor.

Inflation in that sector now sits at 4.9% (down from 11%).

The price of alcohol is also increasing at a slower pace (decreasing by 0.5%).

Catering has been another aiding factor, falling by 2.8%, and household goods have fallen into the negatives, at -0.3%.

Tobacco is still the highest contributor and has not budged from 12.2%.

Leisure services have also increased from 9.4% to 10.7%, and fuel is up by 2.3%.

Jersey's inflation is still lower than Guernsey, which sits at 5.3%.

The UK's Consumer Price Index rose by 2% to 5.25% in the year to June 2024.

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