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June 2017 Retail Prices Index figures released

21 July 2017

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 2017 report shows:

  • during the twelve months to June 2017 the All Items Retail Prices Index (RPI) for Jersey increased by 2.5% to stand at 166.1 (June 2000 = 100)
  • the Household services 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 March 2017 was 2.9%; hence, the annual rate of inflation decreased by 0.4 percentage points (pp) in the latest quarter
  • this decrease in the annual rate of inflation was primarily due to several groups (Fuel & light, Motoring, Household services and Housing) seeing lower rates of price increase over the twelve months to June 2017 than over the twelve months to March 2017
  • in contrast, the Food group saw a greater rate of price increase over the twelve months to June 2017 than over the twelve months to March 2017. In June 2017, the Food group recorded its highest annual increase in prices for more than three years, since March 2014
  • RPI(X)  increased by 2.7% over the twelve months to June 2017 and underlying inflation, as measured by RPI(Y) , increased by 2.8% over the same period
  • RPI Pensioners increased by 2.8% and RPI Low Income increased by 2.7% over the twelve months to June 2017
  • the latest annual rates of increase of all consumer price indices were lower than in March 2017, but remained higher than throughout the previous four-year period, 2013-2016

June 2017 Retail Prices Index report

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