Jersey's Inflation Rate Overview
Jersey's retail price index (RPI), a primary indicator of inflation on the island, rose by 2.7% over the 12 months leading to March 2026, according to new data.
This annual increase is slightly lower than the previous quarter's figure of 2.8%, reflecting a 0.1 percentage point decrease in the inflation rate.
Energy Prices and Other Contributors
Statistics Jersey reported "sharp increases" in certain energy prices. Specifically, the cost of heating oil and other fuels surged by 31.9% over the year, influenced by the ongoing conflict in the Middle East. However, the full impact of this war has not yet been completely captured in the latest figures.
Additional factors contributing to the inflation rise included alcohol, food, and household services.
Detailed Inflation Changes
Statistics Jersey highlighted that alcoholic drinks experienced an 8.6% price increase compared to a 5.1% rise in the 12 months ending December 2025.
Among food items, beef showed the largest annual price increase at 19.7%, while the coffee and cocoa category rose by 15.9% annually.
Conversely, sectors such as housing, motoring, fares and other travel, and leisure services exerted downward pressure on the annual inflation rate.
Quarterly Inflation Movement
On a quarterly basis, the overall RPI increased by 1.4% between December 2025 and March 2026.
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