23 July 2021
Statistics Jersey have today published the June 2021 Retail Prices Index report.
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 June 2021 report shows:
- during the twelve months to June 2021 the All Items Retail Prices Index (RPI) for Jersey increased by 3.5% to stand at 185.5 (June 2000 = 100)
- the increase in the RPI over the twelve months to March 2021 was 0.8%; hence the annual rate of inflation increased by 2.7 percentage points (pp) since last quarter
- the annual rate of inflation was greater than March 2021 due to upward contributions from most groups, notably:
- the Housing group saw an increase over the twelve months to June 2021, whereas there was a slight decrease in prices in this group over the twelve months to March 2021
- the Personal goods & services and Fares & other travel groups saw prices increase by more over the twelve months to June 2021 than they did over the same time period to March 2021
- the Food group gave a small downward contribution to the change in rate of annual inflation. Prices decreased slightly over the twelve months to June 2021, whereas they had increased over the twelve months to March 2021
- underlying inflation, as measured by the annual change in RPI(Y), increased by 3.4% over the twelve months to June 2021
- the rate of underlying inflation, RPI(Y), increased by 2.3 pp since March 2021 (up from 1.1%)
- over the twelve months to June 2021:
- RPI(X) increased by 3.3%
- RPI Pensioners increased by 4.1%
- RPI Low Income increased by 3.7%
- The annual rates of increase for RPI, RPI(X) and RPI(Y) in June 2021 were the highest for 2 years (since March 2019).
- The annual rate of increase for RPI Low Income was the highest since September 2018 and for RPI Pensioners the highest since June 2018
- the rate of inflation in Jersey over the twelve months to June 2021, as measured by the RPI, was 1.1 pp higher than the broadly comparable headline rate of inflation for the UK