Summary
Guernsey's inflation rate fell to 3.9% between March and June 2023. This rate is a decrease from previous figures and is influenced by rising housing and tobacco costs.
Key Facts
- Guernsey's inflation rate was 3.9% from March to June 2023.
- This rate is 1.4% lower than the same time the previous year.
- Inflation, measured by the Retail Price Index (RPI), was 0.3% lower than in March 2025.
- Inflation peaked in December 2022 at 8.5%.
- Housing and tobacco prices are the main reasons for the current inflation rate.
- Officials predict that the inflation rate will stay steady for the next three months before dropping sharply.
- In April 2023, the inflation rate was 4.2%.
- Inflation means prices increase over time, like if milk costs more one year to the next.
