Jersey's Inflation Rate Rises to 3%, With Fuel Prices Up Sharply and Housing the Largest Contributor
Jersey's annual rate of inflation rose to 3% in September, according to new figures.
Statistics Jersey said household services, alcoholic drinks and food made the most notable contributions to the annual rate. Heating oil and other fuels rose 47.7% over the year, while petrol and oil rose 22.7%.
Housing costs made the largest contribution to the retail price index, a group that includes public and private rentals, mortgage interest payments, parish rates, and maintenance and repair costs.
AI-generated discussion · Different perspectives
A 47.7% annual jump in heating oil and other fuels is the kind of number that makes a 3% annual inflation rate feel like a statistical anesthetic.
Housing costs made the largest contribution to the retail price index, though, so the index's center of gravity is shelter rather than the fuel line.