23 October 2020
Statistics Jersey has today published the September 2020 Retail Prices report.
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 September 2020 report shows:
- during the twelve months to September 2020 the All Items Retail Prices Index (RPI) for Jersey increased by 0.9% to stand at 181.4 (June 2000 = 100)
- the increase in the RPI over the twelve months to June 2020 was 0.5%; hence the annual rate of inflation increased by 0.4 percentage points (pp) in the latest quarter
- this increase in the annual rate of inflation was largely the result of several groups giving upward contributions to the overall rate of increase of the RPI, notably:
- Personal goods & services saw prices increase, on average, over the twelve months to September 2020, whereas they had decreased over the twelve months to June 2020
- Fares & other travel saw prices decrease at a lower rate over the twelve months to September 2020 than over the twelve months to June 2020
- within these two groups, the downward contributions of policies introduced in response to the COVID-19 pandemic were no longer in effect in September 2020; respectively, the lower cost of GP fees and the suspension of parking charges in Government-owned car parks
- underlying inflation, as measured by the annual change in RPI(Y), increased by 1.0% over the twelve months to September 2020
- the rate of underlying inflation increased by 0.4 pp since June 2020 (up from 0.6%)
- over the twelve months to September 2020:
- RPI(X) increased by 1.3%
- RPI Pensioners increased by 1.0%
- RPI Low Income increased by 1.9%
- all indices of retail prices recorded higher annual rates of increase than in June 2020
- the rate of inflation in Jersey over the twelve months to September 2020, as measured by the RPI, was 0.2 pp higher than the broadly comparable headline rate of inflation for the UK
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