Inflation drops slightly in Jersey, says States report

Inflation has dropped slightly in the past three months, according to the Jersey States Statistics Unit.

Latest retail prices index figures, which measure the changes of prices of goods and services, showed inflation had fallen by 0.2%.

The figures showed although costs were increasing, they were not rising as quickly as they had in the past year.

The drop was believed to be down to a fall in the price of leisure goods and household goods.

Chief Economic Adviser to the States Dougie Peedle said the fall was encouraging.

'Relatively static'

He said: "I think we can hopefully see inflation come down maybe a notch or two further by the end of this year, maybe early next year.

"It is encouraging that food inflation is the lowest we have seen for a number of years."

But Advocate Rose Colley, from the Jersey Consumer Council, said many people were finding life in Jersey expensive.

She said: "I suspect we have reached a situation where [prices] will now hopefully remain relatively static.

"I cannot see there's much scope for them to go down much further, but I may be wrong."

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