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The ‘all items’ RPI inflation in the Bailiwick of Guernsey increased by 7% over the year ending September 2023, this is 0.9% lower than the same time period last year.
The latest inflationary figures have been published via the States of Guernsey Quarterly Inflation Bulletin.
“The RPIs are intended to measure the overall average level of inflation experienced by people living in self-contained households in Guernsey,” said the States.
“The RPIX measures inflation without including changes in mortgage interest payments, which are directly affected by changes made by The Bank of England (BoE) to the base rate in the UK.”
This ‘core’ inflation – RPIX – increased by 6.3%. This is 1.7% lower than for the year ending in September 2022.
The Bulletin includes several key changes, including;
“The groups of goods and services that increased the most in price over the year ending in September 2023 were: the Housing group (which increased by 11.4%), the Food group (which increased by 9.6%) and the Household services group (which increased by 8.1%).
and
“Within the RPI, the biggest quarterly increase was seen in the Fuel and light group, which increased by 8.7% in the quarter ending in September 2023.”
You can read the full bulletin ONLINE.
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