Chamber response to latest RPI figures

Friday 21 July 11:12

The latest retail price index figures for Jersey (June 2017) are generally good news. Inflation is at a lower level than expected, with a drop in the last quarter to 2.5% and a lower inflation rate than the UK of 2.7%.

The latest retail price index figures (June 2017) for Jersey are generally good news. Inflation is at a lower level than expected, with a drop in the last quarter to 2.5% and a lower inflation rate than the UK of 2.7%.

As anticipated, food increased by 2% on average over the year, which was to be expected given the issues with the value of sterling that has been well recorded. Albeit overall prices decreased in the last quarter by 1% due to lower prices predominantly in fresh food.

Clothing and footwear, which increased in the UK, actually decreased in Jersey, suggesting that the retail market locally remains competitive. Mark Cox, Chairman of the Retail & Supply Committee said the decrease was good news for islanders: “On-island retailers have been working extremely hard to compete with off-island retailers, who, due to Jersey’s GST de minimis level, (that allows goods under the value of £240 to be imported into Jersey without being subject to the 5% tax), have an unfair advantage over companies based in Jersey.”

“The decrease in clothing and footwear, is a clear indicator that Jersey retailers are extremely conscious of price, remaining competitive and encouraging islanders to shop locally. The sector is investing a huge amount of time, money and effort to enhance the on-island retail offering and provide islanders with a wonderful high street and island retail experience.”

Despite external economic influencing factors such as Brexit, fluctuating value in sterling and political uncertainty in the UK, the .2 percentage point RPI difference between Jersey and the UK (2.5% and 2.7% respectively) is good news for Jersey’s economy.


  • Chamber Connection Networking Night

    › read more
  • Critical Briefing: The Intergenerational Workforce 'Recruiting, managing and inspiring the Intergenerational Workforce'

    › read more
  • Digital Jersey Hub Desk Competition Competition to give digital entrepreneurs a boost!

    › read more
  • The Channel Islands Financial Ombudsman Briefing Sessions

    › read more
  • Ibex Education - ITIL® Practitioner Certificate – Qualification for IT Service Operations – NEW DATE 3 Days - £1495.00 includes exam

    › read more
  • Ibex Education - ITIL® Foundation Certificate – Qualification for IT Service Operations 3 Days - £1,195.00 Includes exam

    › read more
  • Chamber Connection: Meet, Greet and Debate with Jersey Election 2018 Candidates

    › read more
  • Copolo & Coyde - Asbestos Awareness Half day 1.30pm start.

    › read more
  • Copolo & Coyde - Display Screen Equipment (DSE) - Workstation Assessor 1 Day

    › read more
  • Copolo & Coyde - Site Management Safety Training Scheme (SMSTS) 5 Days

    › read more

Chamber Knowledgebase

Our frequently asked questions

Contact Magazine

Click here to view the latest digital issue of the Channel Islands Business Magazine.

Jersey Airport / Harbours

The latest arrivals and departures, select a link above

Charity of Choice 2018

Click here to learn more about the vital work of the Jersey Employment Trust and how you can help.

The Benefits of Membership

Networking opportunities, including our popular luncheons
Topical seminar programme
Support and guidance on doing business in Jersey

And become one of over 500 member businesses supporting Chamber in its aim of ensuring that local business is at the heart of a thriving and diverse local economy.

Call 01534 724536
› About Chamber

Copyright © Jersey Chamber 2012 - The Jersey Chamber of Commerce welcomes your comments and views. However, the posting of comments is subject to our terms which can be read here. Comments posted by users of this site are not the Chamber's comments nor do they represent the views of the Jersey Chamber of Commerce.

↑ Back to top