Inflation in Jersey currently stands at 2.8% – a slight increase on the last quarter, driven by rising fuel prices due to the ongoing conflict in the Middle East.

The June figure for the Retail Price Index – which measures the rate of inflation over the preceding 12 months – was released by Statistics Jersey today.

It shows that prices rose by rose by 2.8%, up from 2.7% in March, which was broadly in line with the equivalent inflation figure in the UK, where Jersey imports most of its goods from.

Pushing up the Jersey figure, which takes account of a broad range of goods and services, was predominantly the rising cost of “household services” such as gardening and cleaning, fuel and light, motoring and food.

↑Hormuz impacts fuel

Heating oil and other fuels, which form one group in the RPI basket, and petrol, diesel and motor oil, which form another, increased annually by 53.5% and 18.0%, respectively.

Explaining the background behind the latest RRI, Statistics Jersey said: “The RPI price collection process for this report started on 29 May and finished on 19 June 2026.

“This period coincided with the ongoing military action related to the Iran conflict, which began on 28 February 2026.

“The conflict has continued to affect global energy markets, contributing to movements in the prices of products such as heating oil and petrol.

“As the collection period took place several months after the start of the conflict, some of these impacts are reflected in this quarter’s RPI figures.”

↑ Which food categories have changed the most?

The index’s food group increased by 3.5%, contributing 0.4 percentage points to the overall RPI figure.

When it comes to food, the biggest contributors to the RPI increase were the price of lamb, which increased by 12.7% in the 12 months to June; milk products, which increased by 11.8%; and eggs, which rose by 8.7%.

Conversely, the largest annual decreases were for bread (-1.9%) and tea (-4.3%).

Lamb had the largest five-yearly change, increasing by 62.6%, followed by beef (62.5%).

↑Other rises

Household services were responsible for 0.25%.

These increases were partially offset by downward contributions to the RPI by ‘leisure services’ (pushing down by 0.28 pp) and alcoholic drinks (-0.16 pp).

‘Fuel and light’ prices increased by almost 10% in the 12 months to June, accounting for 0.13 pp of the 2.8% rise, while ‘motoring’ contributed 0.25 pp.