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Jersey has broken inflationary records yet again, with statisticians reporting the “largest” 12-month increase in the cost of living since September 1991.
During the 12 months to June 2022, prices shot up by 7.9%.
It comes after a rise of 6% in April this year, which at the time was the greatest rise since the financial crash in 2008.
Pictured: Jersey RPI annual inflation rate (percent) Mar 2000 to Jun 2022. (Statistics Jersey)
The key drivers of the latest rise were housing, fuel and motoring, according to Statistics Jersey’s ‘Retail Prices Index’ (RPI), which is the island’s key measure of changes in the cost of living locally.
Housing shot up by 10.2% and motoring rose £14.8%, while fuel and light rose 23.4% over 12 months.
Food, meanwhile, went up by 6%.
Pictured: Annual percentage rises for different categories of goods and services. (Statistics Jersey)
The only spending category that went down – by 2% - was travel fares.
Pensioners and those in low-income households were particularly hard-hit, the latest stats show. Both groups faced the largest rise in the cost of living since records began – at 7.7% and 6.5% respectively.
The new Chief Minister, Deputy Kristina Moore, has pledged to tackle rises in the cost of living within her first 100 days in office.
Pictured: Deputy Moore has pledged to bring forward a 'mini budget' to deal with rises in the cost of living.
She has pledged to create a mini budget that brings forward a "suite of measures to deliver targeted support to islanders ahead of winter."
That budget is due to be presented by the new Treasury Minister, Deputy Ian Gorst, following the States Assembly's summer break.
Over the coming months, Express will be continuing its focus on how islanders are being affected by the rising cost of living locally and what is being done to resolve it.
Are you feeling the pinch? Are you leaving the island or know someone who is? We want to hear your story, and are happy to speak in confidence.
Email editor@bailiwickexpress.com.
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The Jersey Consumer Council has created the following price comparison tools to help islanders compare the costs of different essentials...
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