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Jersey Chamber of Commerce

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Category: Local Business News  States of Jersey

Retail Prices Index September 2019

Oct 18, 2019


Statistics Jersey has today published the September 2019 Retail Prices Index (RPI) report

  • during the twelve months to September 2019 the All Items Retail Prices Index (RPI) for Jersey increased by 2.7% to stand at 179.7 (June 2000 = 100)
  • almost all groups saw prices increase, on average, on an annual basis
  • the Housing, Household services, Leisure services and Food groups were the largest contributors to the overall annual increase in the RPI
  • the increase in the RPI over the twelve months to June 2019 was 2.8%; hence, the annual rate of inflation decreased by 0.1 percentage points (pp) in the latest quarter
  • this slight fall in the annual rate of inflation was the net result of several groups giving downward contributions to the overall rate of increase of the RPI and other groups giving upward contributions:
    • some groups, notably Housing and Leisure goods, saw lower rates of price increase over the twelve months to September 2019 than over the twelve months to June 2019, resulting in downward contributions from these groups to the inflation rate
    • the price of Household goods decreased, on average, over the twelve months to September 2019 but increased over the same time period to June 2019, also resulting in a downward contribution to the inflation rate
    • in contrast, other groups saw prices increase at a greater annual rate over the twelve months to September 2019 than over the same time period to June 2019, notably the cost of Food and of Fares & other travel, resulting in upward contributions to the inflation rate
  • underlying inflation, as measured by the annual change in RPI(Y), increased by 2.5% over the twelve months to September 2019
  • over the twelve months to September 2019:
    • RPI(X) increased by 2.6%
    • RPI Pensioners increased by 2.5%
    • RPI Low Income increased by 2.6%
  • the headline rate of inflation, as measured by the annual change in the RPI, was the lowest for more than two years, since June 2017
  • the rate of inflation in Jersey over the twelve months to September 2019 was 0.8 pp greater than that of the comparable measure for the UK (1.9%)

Retail prices index report September 2019


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