RPI down but food prices shoot up

Wednesday 16th April 2008, 12:00AM BST.

THE March RPI figure, released today, is, at 3.2%, significantly lower than the 4.5% recorded at the end of December but still remains above the States target.

Over the past 12 months food prices have increased by almost 9% – the biggest rise in ten years – and electricity and gas prices have gone up by more than 14%.

Today’s figures show that Islanders are paying an extra 12p a litre for petrol, and Housing costs rose by 4% since the same time last year.

The inflation measure without house prices – RPI(X) – is 2.9%, still above the States target of 2.5%, but heading in the right direction.

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