Inflation continues dropping

Wednesday 22 January 2025

Guernsey's rate of inflation has continued to decrease - with the RPI 'all items' rate standing at 4.6% at the end of last year.

That was 0.5% lower than it had been in September 2024 and 1.7% lower than at the end of December 2023.

The RPIX figure - which is seen as the 'core' rate, excluding mortgage interest payments - was 4.0% at the end of December 2024. That was 0.4% lower than in September last year, and 1.5% lower than the year before. 

Overall, the items which saw their costs increase the most over the course of last year were tobacco (up 14.5%), housing (up 9.2%), and travel fares and other travel costs (up 7.7%).

Guernsey measures its rate of inflation - the rate at which prices rise - in different ways, reflecting different sectors of society.

The 'HCIs' refer to different household types living within the island.

They are 'all items' indices and they increased by between 4.1% and 5.6% over the year ending in December 2024. The largest increase was seen in the indices for owner occupied households with a mortgage. Those households saw a 5.6% increase to their cost of living last year.

Owner occupied households without a mortgage saw the lowest overall increase in the rate of inflation last year at 4.1%.

Pictured top: Read the latest inflation bulletin in full and see how your group is affected HERE.