Statistics Jersey has published the March 2025 Retail Prices Index (RPI), showing that annual inflation in Jersey slowed to 2.3%, down from 2.5% in December 2024.
Key highlights:
- The fall in the inflation rate was driven by lower price increases across several groups, including housing, tobacco, and household services.
- Most price groups saw increases, but these were generally smaller than those recorded in the previous year.
- Leisure services, covering entertainment, sport, and off-Island holidays, made the largest upward contribution to inflation, adding +0.6 percentage points.
- Annual inflation is now 3.4 percentage points lower than in March 2024, when it stood at 5.7%.
Other measures of inflation:
- RPI(Y) and RPI(X) both rose by 3.4%.
- RPI Pensioners increased by 3.3%, and RPI Low Income by 3.4%.
- Underlying inflation measures were 0.2 to 0.4 percentage points higher than in December 2024.
Jersey’s inflation rate remains 1.1 percentage points below the UK’s CPIH, the comparable national measure.