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Retail Prices Index report March 2018

Produced by the Statistics Jersey (Strategic Policy, Planning and Performance)
Authored by Statistics Jersey and published on 18 May 2018
Prepared internally, no external cost

Summary

‚ÄčThe 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 March 2018 report shows:

  • During the twelve months to March 2018 the All Items Retail Prices Index (RPI) for Jersey increased by 3.2% to stand at 171.2 (June 2000 = 100)
  • The Housing, Household services and Leisure services groups were the largest contributors to the overall annual increase in the RPI
  • The increase in the RPI over the twelve months to December 2017 was 3.6%; hence, the annual rate of inflation fell by 0.4 percentage points (pp) in the latest quarter
  • This fall in the annual rate of inflation was primarily due to the Household services, Motoring and Food groups seeing lower rates of price increase over the twelve months to March 2018 than over the twelve months to December 2017
  • RPI(X)  increased by 3.0% over the twelve months to March 2018
  • Underlying inflation, as measured by RPI(Y) , increased by 2.9% over the twelve months to March 2018
  • RPI Pensioners increased by 3.0% and RPI Low Income increased by 2.8% over the twelve months to March 2018
  • The latest annual rates of increase of all consumer price indices were lower than in December 2017

Jersey Retail Prices Index March 2018 report
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