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Inflation up 0.1% on 2018

Inflation up 0.1% on 2018

Monday 20 January 2020

Inflation up 0.1% on 2018


There was a 0.1% rise in Guernsey's annual inflation in December last year, compared to the same month in 2018.

Inflation - according to RPIX - was also 0.4% higher than in the third quarter of 2019.

The equivalent RPIX figure for December 2019 for the UK was 2.2%.

Screenshot_2020-01-20_at_09.16.33.png

Pictured: The industry groups' percentage changes and annual contribution from the latest inflation bulletin. 

RPIX is measured on 14 industry groups, of which Leisure Services contributed 1.1% and Housing contributed 0.7%. Thise rise was attributed to increased package holiday costs and holiday accommodation costs. Fairs and other travel costs was the group that contributed the least though, at -0.5%. 

The ‘all items’ RPI annual inflation was 2.3% in December 2019, 0.3 percentage points higher than the previous quarter and 0.1 points lower than in December 2018.

The equivalent RPI figure for December 2019 for the UK was 2.2%.

Screenshot_2020-01-20_at_09.14.43.png

Pictured: Inflation through the years.

This is the twentieth Bulletin to present Guernsey inflation figures calculated using the updated shopping basket and weights, which resulted from the 2012-13 Household Expenditure Survey. The survey was repeated in 2018/19 and the basket and weights will be updated later in 2020.



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