Statistics Jersey has released the latest Retail Prices Index (RPI) report, showing that prices in Jersey rose by 2.7% over the 12 months to March 2026. This represents a slight decrease compared to the previous quarter (2.8%), with the annual rate of inflation down 0.1 percentage points.
Key highlights:
- several groups provided an upward contribution to the annual rate of inflation, most notably alcoholic drinks, food, household services, and leisure services
- the food group increased by 3.7%, contributing +0.4 percentage points (pp) to the overall rate of inflation
- heating oil and other fuels increased by 31.9% over the year, while petrol and oil increased by 3.0%
- RPI(Y), which measures underlying inflation, increased by 3.7%, which was 0.1 pp lower than the December 2025 rate (down from 3.8%)
- RPI(X) increased by 3.7%
- RPI Pensioners increased by 4.2%, while RPI Low Income increased by 3.6%
- Jersey’s headline inflation rate was 0.7 pp lower than the UK’s comparable measure, CPIH (3.4%)
Price collection for this report took place between 27 February and 15 March 2026, overlapping with the onset of military action related to the Iran conflict. While sharp increases were observed in some energy prices, most notably in the heating oil and other fuels section, which rose by 31.9% over the year, the timing of collection means that only part of the conflict’s economic impact is reflected in this quarter’s figures.