Jersey Retail Prices Index March 2020
Produced by the
Statistics Jersey (Strategic Policy, Planning and Performance)
Authored by
Statistics Jersey
and published on
24 Apr 2020
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 March 2020 report shows:
during the twelve months to March 2020 the All Items Retail Prices Index (RPI) for Jersey increased by 2.7% to stand at 182.1 (June 2000 = 100)
most groups saw prices increase, on average, on an annual basis
the largest contributors to the annual increase in the RPI were the Housing, Household services and Leisure services groups
the increase in the RPI over the twelve months to December 2019 was 2.5%; hence, the annual rate of inflation increased by 0.2 percentage points (pp) in the latest quarter
this increase in the annual rate of inflation was the net result of several groups giving small upward contributions to the overall rate of increase of the RPI and other groups giving small downward contributions:
several groups, notably Food, Personal goods & services and Leisure services, saw greater rates of price increase over the twelve months to March 2020 than over the twelve months to December 2019, resulting in upward contributions from these groups to the inflation rate
in contrast, the cost of Clothing & footwear decreased, on average, over the twelve months to March 2020 and had increased over the same time period to December 2019, resulting in a downward contribution to the inflation rate
underlying inflation, as measured by the annual change in RPI(Y), increased by 2.3% over the twelve months to March 2020
underlying inflation was unchanged since December 2019, remaining at its lowest rate for more than three years, since December 2016
over the twelve months to March 2020:
the rate of inflation in Jersey over the twelve months to March 2020, as measured by the RPI, was 1.2 pp greater than the broadly comparable headline rate of inflation for the UK.
gov.je