Treasury happy with inflation of 3.7%

Wednesday 24th January 2007, 12:00AM GMT.

THE rate of price increases in Jersey in the 12 months to the end of December was 3.7%.

If the price of housing is taken out, the underlying rate of inflation was 2.5% – in line with the States’ target. The figures were revealed this morning and Treasury Minister Terry Le Sueur congratulated retailers, transport companies and others for their efforts in keeping price rises to a minimum. He said he was ‘slightly surprised and very pleased’ with the latest figures, which also revealed that the underlying rate of price increases actually fell from 2.8% in the 12 months to September last year to 2.5% in the year to the end of December.

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