Statistics Jersey has today published the December 2020 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 December 2020 report shows:
- during the twelve months to December 2020 the All Items Retail Prices Index (RPI) for Jersey increased by 0.9% to stand at 181.4 (June 2000 = 100)
- the increase in the RPI over the twelve months to September 2020 was 0.9%; hence the annual rate of inflation remained the same as the latest quarter
- the annual rate of inflation remained unchanged from September 2020 due to small downward contributions from several groups being offset by small upward contributions from others, notably:
- Fuel & light saw prices decrease over the twelve months to December 2020 by less than they had to September 2020
- Fares & other travel saw prices increase slightly over the twelve months to December 2020, whereas they had decreased over the twelve months to September 2020
- underlying inflation, as measured by the annual change in RPI(Y), increased by 0.9% over the twelve months to December 2020
- the rate of underlying inflation, RPI(Y), decreased by 0.1 pp since September 2020 (down from 1.0%)
- over the twelve months to December 2020:
- RPI(X) increased by 1.2%
- RPI Pensioners increased by 1.1%
- RPI Low Income increased by 1.9%
- all indices of retail prices recorded similar annual rates of increase to September 2020
- the rate of inflation in Jersey over the twelve months to December 2020, as measured by the RPI, was 0.1 pp higher than the broadly comparable headline rate of inflation for the UK