Island's inflation rate is 2.7%, new figures show
Summary
Jersey's inflation rate increased by 2.7% in the year ending March 2026, slightly lower than the previous quarter's 2.8%. The rise was mainly due to higher prices for heating oil, alcoholic drinks, food, and household services.Key Facts
- Jersey's Retail Price Index (RPI), a measure of inflation, rose 2.7% in the year to March 2026.
- Inflation decreased by 0.1 percentage points from the previous quarter's rate of 2.8%.
- Heating oil and other fuel prices grew by 31.9%, influenced by the war in the Middle East.
- Alcoholic drinks prices increased by 8.6%, up from 5.1% over the previous 12 months.
- Beef prices went up 19.7%, the largest annual increase among food items.
- Prices for coffee and cocoa rose by 15.9% annually.
- Some areas like housing, motoring, travel fares, and leisure services saw price decreases that helped lower overall inflation.
- Over the last quarter (Dec 2025 to March 2026), the RPI increased by 1.4%.
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