Jersey RPI inflation rate drops by half in 2013

The rate of inflation in Jersey has fallen by half in 12 months, the latest retail price index (RPI) shows.

RPI was 1.5% for the first half of 2013. It was 3% at the same time in 2012.

It remains well below the UK rate of 3.3% and has been below the UK in 12 of the past 15 quarters.

The report on RPI found the fall in inflation was due to a drop in motoring costs, clothes and footwear.

But food costs rose by 3% on average over the year to June, while fuel and light costs went up by 6%.

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