Guernsey’s rate of inflation has continued to decrease – with the RPI ‘all items’ rate standing at 4.2% for the year ending March 2025.
That is 1.6 percentage points lower than it was a year earlier and 0.4 points lower than it was at the end of December.
The RPIX figure – which is seen as the ‘core’ rate, excluding mortgage interest payments – was 3.8% at the end of March. That was 0.2% lower than in December, and 1.2 percentage points lower than a year ago.
The rate of inflation is the way that increases in the cost of living are measured.
The most recent data, published by the States today, shows that ‘housing’ contributed 1.4 percentage points to the annual change in the RPI during the 12 months up to the end of March 2025.
Within this group, the most impactful increases were mortgages, rents, and insurance premiums.
Overall, the items which saw their costs increase the most over the course of the year ending March 2025 were tobacco (up 9.3%), housing (up 7.8%), and household services (up 6.8%). All of these increases are lower than they were a year ago.