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Jersey Retail Prices Index
up 2.8%
in the 12 months to June 2026
Tier 1 Statistics
This report contains Tier 1 Statistics, as designated under the Statistics and Census (Jersey) Law 2018.
Tier 1 Statistics are those identified as essential for decision-making in Jersey, meeting the highest standards of quality, integrity, and continuity. For more information about Tier 1 Statistics and the criteria they meet, visit Tier 1 statistics.
Main points
- In the year to June 2026, Jersey’s rate of inflation increased slightly. The Retail Prices Index (RPI) rose by 2.8%, up from 2.7% in March 2026.
- This quarter the rate of the Jersey RPI was the same as the broadly equivalent UK index, the CPIH which rose by 2.8% in the same period.
- Several groups provided an upward contribution to the annual rate of inflation, most notably household services, fuel and light, motoring and food.
- The food group increased by 3.5%, contributing +0.4 pp to the overall rate of inflation.
- The heating oil and other fuels, and the petrol and oil sections increased annually by 53.5% and 18.0%, respectively.
In respect of other inflation measures:
- RPI(X) increased by 3.6%.
- RPI(Y) increased by 3.6%.
- RPI (Pensioners) increased by 4.7%.
- RPI (Low income) increased by 3.6%.
You can access our inflation calculator here.
Things you need to know
The RPI price collection process for this report started on 29 May and finished on 19 June 2026. This period coincided with the ongoing military action related to the Iran conflict, which began on 28 February 2026. The conflict has continued to affect global energy markets, contributing to movements in the prices of products such as heating oil and petrol. As the collection period took place several months after the start of the conflict, some of these impacts are reflected in this quarter’s RPI figures.
Changes in inflation
The Jersey Retail Prices Index (RPI) rose by 2.8% in the 12 months to June 2026, up from 2.7% in the 12 months to March 2026. This is the same rate as the broadly equivalent UK index, the CPIH which rose by 2.8% in the same period.
The majority of the RPI groups contributed to the increasing of the overall rate with the most significant upward contributors being:
- household services (0.25pp where ‘pp’ means percentage points — the difference between two percentage rates), driven by increases in the domestic services section (which includes gardening and cleaning)
- fuel and light (0.13pp) and
- motoring (0.12pp)
These were partially offset by downward contributions to the rate by
- leisure services (-0.28pp) and
- alcoholic drinks (-0.16pp)
As illustrated in the figure below, these all contributed to the annual inflation rate for RPI increasing from 2.7% in March 2026 to 2.8% in June 2026.
Changes in prices
Most groups in the RPI saw prices increase over the 12 months to June 2026. Notable changes included:
- prices in the fuel and light group increased by 9.9% on average, driven by increases in the price of heating oil
- prices in the tobacco group increased by 8.3% on average, driven by increases in the price of vape liquid (e-liquid), caused in part by the introduction of a new excise duty on these products
Notable movements in prices
Fuel and oil sections
The June RPI collection process coincided with the ongoing military action related to the Iran conflict, which began on 28 February. This conflict has resulted in a number of economic impacts, including observed changes in the price of energy products such as heating oil and petrol.
The petrol and oil section includes petrol, diesel, and motor oil; this section is in the motoring group. The
heating oil and other fuels section is in the fuel and light group.
In June, heating oil and other fuels increased annually by 53.5% and petrol and oil increased by 18.0%.
RPI price collection for this report started on 29 May and finished on 19 June 2026. As the collection period took place several months after the start of the conflict, some of these impacts are reflected in this quarter’s RPI figures.
Housing group
The costs associated with housing form the largest weight in the RPI basket of goods. In June 2026, on average, the housing group decreased by 0.4% on an annual basis.
This group includes the costs of public and private sector rents, as well as the costs of mortgage interest payments. It also includes things such as parish rates and costs associated with maintaining and repairing a home.
In respect of mortgage interest payments, the Jersey RPI measures this using the Standard Variable rates published by mortgage lenders. It is therefore directly influenced by the Bank of England’s Bank Rate. See our Retail Prices Index methodology document for more details.
During the last three months the Bank of England base rate was maintained at 3.75%. The figure below shows the housing group together with the overall RPI plotted against base rate.
As can be seen, this group and the overall RPI are heavily influenced by changes in the base rate.
Within this group, notable section changes over the last 12 months included:
- rents, which increased by 2.4%
- mortgage interest costs, which decreased by 7.9%
The RPI(X), an alternative inflation measure that excludes mortgage interest payments, increased 3.6% over the last 12 months, compared to 2.8% for the headline RPI measure.
Food group
Changes in food prices are often of particular interest to the public and play an important role in understanding cost-of-living pressures.
Over time, the food group has largely tracked the overall RPI. Recently, however, food prices have risen slightly faster than overall inflation. In the year to June 2026, the food group increased by 3.5%, which was:
- 0.7 pp higher than the overall RPI increase of 2.8%
- 0.2 pp lower than previous quarter
Within the food group there were notable differences between sections, with the three largest annual increases being for:
- lamb, 12.7%
- milk products, 11.8%
- eggs, 8.7%
Conversely the largest annual decreases were for:
- bread, -1.9%
- tea, -4.3%
Lamb had the largest five-yearly change, increasing by 62.6%, followed by beef (62.5%).
Contribution of prices to inflation
The basket of goods and services for the RPI is based upon the spending of households in Jersey. Spending of Jersey households is collected as part of the Living Costs and Household Income survey.
This provides average spends by Jersey households, which are then used to weight the impact of price changes on an average households expenditure. The largest weighting in the current basket of goods is for housing, which consists of items such as rents and mortgage interest payments.
The changes in prices when weighted result in the overall RPI rate.
In the 12 months to June 2026, the largest contributions to the overall RPI rate of 2.8% were:
- household services, contributing 0.6pp, which was driven by increases in the domestic services section (which includes gardening and cleaning)
- fuel and light, motoring, and food, each contributing 0.4pp
These were partially offset by downward contributions from housing and fares and other travel (each contributing -0.1pp).
Other inflation measures
As well as the headline RPI index, Jersey produces a number of additional inflation measures:
The figure below shows the annual change for these indices:
The most recent increase in the RPI Pensioners compared to the other indices has been driven by the increase seen in the fuel and light group, in particular the impact of heating oil, which has a larger weight in the RPI pensioners basket of goods and services compared to the overall RPI.
Data sources and methods
Please see our Retail Prices Index methodology document for detailed information on how the Jersey RPI is produced.
Comprehensive information on household spending (from the Living costs and household income survey) is combined with prices of around 2,500 goods and services, which are collected every three months from 300 retailers, including online.
The prices are matched to the prices collected in the previous quarter, and the individual price changes are combined together to give a single overall increase. The contribution of each price change to the overall increase depends on how much the average household spends on each item.
Data Tables
You can find all data tables related to the Jersey RPI on our open data website.