Retail Prices Index report June 2018
Produced by the
Statistics Jersey (Strategic Policy, Planning and Performance)
Authored by
Statistics Jersey
and published on
20 Jul 2018
Prepared internally, no external cost
Summary
The All Items Retail Prices Index (RPI) is the main measure of inflation in Jersey. It measures the change from quarter to quarter in the price of the goods and services purchased by an average household in Jersey.
The June 2018 report shows:
- during the twelve months to June 2018 the All Items Retail Prices Index (RPI) for Jersey increased by 4.5% to stand at 173.5 (June 2000 = 100)
- the Housing, Household services, Leisure services and Motoring groups were the largest contributors to the overall annual increase in the RPI
- the increase in the RPI over the twelve months to March 2018 was 3.2%; hence, the annual rate of inflation rose by 1.3 percentage points (pp) in the latest quarter
- this rise in the annual rate of inflation was due to the majority of groups of the RPI seeing greater rates of price increase over the twelve months to June 2018 than over the twelve months to March 2018, notably the Household services, Motoring and Fuel and light groups
- utility prices (electricity, gas and water) and the cost of domestic heating oil and motor fuels (petrol and diesel) increased in the latest quarter
- underlying inflation, as measured by the annual change in RPI(Y), increased by 4.2% over the twelve months to June 2018
- over the twelve months to June 2018:
- RPI(X) increased by 4.2%
- RPI Pensioners increased by 4.3%
- RPI Low Income increased by 4.1%
- in June 2018:
- headline inflation, as measured by the annual change in the RPI, was the highest for more than six years, since March 2012
- underlying inflation was the highest for almost ten years, since September 2008
- the other consumer price indices, RPI(X), RPI Pensioners and RPI Low Income, recorded their highest annual rates of increase for more than six years, since March 2012
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