Jersey has broken inflationary records yet again, with statisticians reporting the “largest” 12-month increase in the cost of living since September 1991.
During the 12 months to June 2022, prices shot up by 7.9%.
It comes after a rise of 6% in April this year, which at the time was the greatest rise since the financial crash in 2008.
Pictured: Jersey RPI annual inflation rate (percent) Mar 2000 to Jun 2022. (Statistics Jersey)
The key drivers of the latest rise were housing, fuel and motoring, according to Statistics Jersey’s ‘Retail Prices Index’ (RPI), which is the island’s key measure of changes in the cost of living locally.
Housing shot up by 10.2% and motoring rose £14.8%, while fuel and light rose 23.4% over 12 months.
Food, meanwhile, went up by 6%.
Pictured: Annual percentage rises for different categories of goods and services. (Statistics Jersey)
The only spending category that went down – by 2% - was travel fares.
Pensioners and those in low-income households were particularly hard-hit, the latest stats show. Both groups faced the largest rise in the cost of living since records began – at 7.7% and 6.5% respectively.
The new Chief Minister, Deputy Kristina Moore, has pledged to tackle rises in the cost of living within her first 100 days in office.
Pictured: Deputy Moore has pledged to bring forward a 'mini budget' to deal with rises in the cost of living.
She has pledged to create a mini budget that brings forward a "suite of measures to deliver targeted support to islanders ahead of winter."
That budget is due to be presented by the new Treasury Minister, Deputy Ian Gorst, following the States Assembly's summer break.
Over the coming months, Express will be continuing its focus on how islanders are being affected by the rising cost of living locally and what is being done to resolve it.
Are you feeling the pinch? Are you leaving the island or know someone who is? We want to hear your story, and are happy to speak in confidence.
Bank giving lowest paid staff 'cost of living' pay rise
‘Penny pinching’ islander shares tips to cope with cost of living crisis
FOCUS: Rising costs see Pink Cowgirl wave poetic goodbye to island
Removal companies “absolutely crazy” with relocation requests
FOCUS: How might the new Gov help with rising cost of living?
Biggest jump in cost of living since 2008
Fertility risk as Jersey families 'delay children due to cost of living'
Fuel boss calls for "immediate" 2.5p fuel duty cut
No action from Ministerial inflation group since pre-Brexit
'Chief Minister Le Fondré, time to act on coming price crisis'
Ukraine war 'to hit Jersey in the shops and at the pumps'
FOCUS: More islanders turning to food banks as inflation bites
INSIGHT: How will Jersey fuel its future?
The Jersey Consumer Council has created the following price comparison tools to help islanders compare the costs of different essentials...
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.
Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.
Almost every business has now jumped on the band wagon, regardless of whether the inflation has a direct impact or not and ultimately its the user that pays. Sadly they don't see the drop in sales and the business losing money as demand drops, as a consequence of this.
The big question of course is how quickly will the petrol price now drop and any reduction in costs passed on to the consumer, I can't wait to see, although I know I will be waiting.
Almost every time you go to the supermarket, prices on basic goods have increased; and these days it is not 1p or 2p the increase is likely to be 10p per item more.
This does not just hit the low paid, it hurts all income groups, and reduces demand for higher priced items, therefore hurting the economy and the tax take even more.