​Summary: Jersey RPI September 2019

• during the 12 months to September 2019 the All Items Retail Prices Index (RPI) for Jersey increased by 2.7% to stand at 179.7 (June 2000 = 100)

• almost all groups saw prices increase, on average, on an annual basis

• the Housing, Household services, Leisure services and Food groups were the largest contributors to the overall annual increase in the RPI

• the increase in the RPI over the 12 months to June 2019 was 2.8%; hence, the annual rate of inflation decreased by 0.1 percentage points (pp) in the latest quarter

• this slight fall in the annual rate of inflation was the net result of several groups giving downward contributions to the overall rate of increase of the RPI and other groups giving upward contributions:

• some groups, notably Housing and Leisure goods, saw lower rates of price increase over the 12 months to September 2019 than over the 12 months to June 2019, resulting in downward contributions from these groups to the inflation rate

• the price of Household goods decreased, on average, over the 12 months to September 2019 but increased over the same time period to June 2019, also resulting in a downward contribution to the inflation rate

• in contrast, other groups saw prices increase at a greater annual rate over the 12 months to September 2019 than over the same time period to June 2019, notably the cost of Food and of Fares and other travel, resulting in upward contributions to the inflation rate

• underlying inflation, as measured by the annual change in RPI(Y), increased by 2.5% over the 12 months to September 2019

• over the 12 months to September 2019:

• RPI(X) increased by 2.6%
• RPI Pensioners increased by 2.5%
• RPI Low Income increased by 2.6%

• the headline rate of inflation, as measured by the annual change in the RPI, was the lowest for more than 2 years, since June 2017

• the rate of inflation in Jersey over the 12 months to September 2019 was 0.8 pp greater than that of the comparable measure for the UK (1.9%) 

Retail Prices Index Report September 2019