13 April 2017
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 2017 report shows:
- during the twelve months to March 2017 the All Items Retail Prices Index (RPI) for Jersey increased by 2.9% to stand at 165.9 (June 2000 = 100)
- the Household services, Motoring, Housing and Fuel & light groups were the largest contributors to the overall annual increase in the RPI
- the increase in the RPI over the twelve months to December 2016 was 1.9%; hence, the annual rate of inflation increased by 1.0 percentage points (pp) in the latest quarter
- key contributors to this increase in the annual rate of inflation were greater rates of price increase for Household services, Fuel & light and Motoring; and also prices increased in the Food group, which had seen prices generally decrease, on an annual basis, during the preceding two years
- increased impôts duties in January 2017 accounted for less than 0.2 pp of the latest annual rate of inflation and for less than 0.1 pp of the increase in the annual rate of inflation
- RPI(X) increased by 3.1% over the twelve months to March 2017 and underlying inflation, as measured by RPI(Y), increased by 3.1% over the same period
- RPI Pensioners increased by 3.0% and RPI Low Income increased by 2.8% over the twelve months to March 2017
- all consumer price indices recorded their greatest annual rates of increase since 2012
March 2017 Retail Prices Index report
gov.je