During the twelve months to December 2016 the All Items Retail Prices Index (RPI) for Jersey increased by 1.9% to stand at 163.0 and is slightly lower than forecast.
The Household services, Housing and Motoring groups were the largest contributors to the overall annual increase in the RPI . The increase in the RPI over the twelve months to September 2016 was 2.0%; hence, the annual rate of inflation decreased by 0.1 percentage points in the latest quarter. All groups of the RPI gave small contributions to the change in the annual rate of inflation. The RPI(X) (the RPI excluding mortgage interest payments) increased by 1.9% over the twelve months to December 2016 and underlying inflation, as measured by RPI(Y) (the RPI excluding mortgage interest payments and indirect taxes e.g. GST and impôts), increased by 1.8% over the same period. The RPI Pensioners increased by 1.7% and RPI Low Income increased by 1.8% over the twelve months to December 2016.
The RPI report for December 2016 can be viewed here
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