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Guernsey's annual inflation was 2% in September this year, 0.8 points lower than the same month in 2018.
RPIX inflation had gone up by 0.1 point on the previous quarter of 2019, but compared to the UK, Guernsey's level was 0.4 points lower.
Figure 3.1.1 shows the annual percentage change in each of the fourteen RPI and RPIX groups. Figure 3.1.2 shows the number of percentage points contributed to the annual change in the indices by each group. Only the Housing group shows a different percentage change between the RPIX and RPI, as a result of the exclusion of the mortgage interest item in the calculation of the RPIX. However, due to differences in the weightings the contribution made by each group to the RPI and RPIX can differ.
In the year ending September 2019, twelve of the groups saw an increase and two saw a decrease. The Leisure services group saw the largest annual increase at 7.9%, contributing 0.9% to the overall RPIX and RPI changes. The Fares and other travel costs group showed the largest decrease at -8.6%, contributing -0.4 percentage points to the overall RPIX and RPI changes.
Eight of the fourteen RPIX and RPI groups saw an average price increase in the three months ending in September 2019 (Figure 3.2.1).
The largest percentage increase (2.9%) came from the Fuel and light group, making a contribution of 0.1 percentage points to the quarterly change in RPIX and RPI. (Figure 3.2.2).
The largest quarterly decrease was in the Fares and other travel costs group (-2.9%), contributing -0.1 percentage points to the overall quarterly changes.
Pictured top: file image.
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