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 December 2016 report shows:
- 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 (June 2000 = 100)
- 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 (pp) in the latest quarter
- all groups of the RPI gave small contributions to the change in the annual rate of inflation
- RPI(X) increased by 1.9% over the twelve months to December 2016 and underlying inflation, as measured by RPI(Y), increased by 1.8% over the same period
- RPI Pensioners increased by 1.7% and RPI Low Income increased by 1.8% over the twelve months to December 2016