Island inflation rate rises to 3%, figures show
Summary
The inflation rate in Jersey increased to 3% in September, up from 2.8% in June. Higher prices for household services, alcohol, food, and fuels like heating oil and petrol were the main reasons for this rise.Key Facts
- Jersey’s annual inflation rate reached 3% in September.
- This is an increase of 0.2 percentage points since June, when inflation was 2.8%.
- Household services, alcoholic drinks, and food saw the biggest price increases.
- Prices for heating oil and other fuels rose by 47.7% over the year.
- Petrol and oil prices increased by 22.7%.
- Food prices went up by 3.5%, and housing costs rose by 0.2%.
- Jersey’s inflation rate is 0.6 percentage points lower than the UK’s CPIH rate of 3.6%.
- Global energy markets are affected by the ongoing conflict in the Middle East, influencing fuel prices.
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