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June 2022 Retail Prices Index report published

22 July 2022

​Statistics Jersey have today published the June 2022 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 report shows:

  • during the twelve months to June 2022 the All Items Retail Prices Index (RPI) for Jersey increased by 7.9% to stand at 200.1 (June 2000 = 100)
  • this June 2022 twelve month increase in the RPI is the largest since September 1991
  • the increase in the RPI over the twelve months to June 2022 was 7.9%; hence the annual rate of inflation increased by 1.9 percentage points (pp) since last quarter
  • this increase in the annual rate of inflation was due to upward contributions from most groups, notably the Housing and Motoring groups saw prices increase by more, on average, over the twelve months to June 2022 than over the twelve months to March 2022
  • overall, prices in the Fares & other travel group decreased, over the twelve months to June 2022, whereas they increased over the twelve months to March 2022, giving a slight downward contribution to the change in the annual rate of increase
  • underlying inflation, as measured by the annual change in RPI(Y), increased by 6.5% over the twelve months to June 2022 
  • the rate of underlying inflation, RPI(Y), increased by 1.3 pp since March 2022 (up from 5.2%). This was the largest increase in this index since it began
  • over the twelve months to June 2022:
    • RPI(X) increased by 6.5% , the largest increase for over 13 years (September 2008)
    • RPI Pensioners increased by 7.7%, the largest increase since this index began
    • RPI Low Income increased by 6.5%, the largest increase since this index began
  • in June 2022, the annual rates of increase for RPI, RPI(X), RPI(Y), RPI Pensioners and RPI Low Income, were all larger than the March 2022 rates by at least 1.3 pp
  • the rate of inflation in Jersey over the twelve months to June 2022, as measured by the RPI, was 0.3 pp lower than the broadly comparable headline rate of inflation for the UK 
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