A recent report indicates that the inflation rate in Jersey has accelerated between June and September. According to the latest Retail Prices Index (RPI) released by Statistics Jersey, prices on the island increased by 2.8% over the 12-month period leading up to September.
The report attributes this rise in prices to increased costs in several sectors, including food, transportation, and leisure activities, which encompass entertainment, sports, and travel outside the island.
The government has stated that it will utilize the RPI figures to inform its decisions regarding pensions and benefits. Additionally, businesses in Jersey are expected to rely on these statistics for planning and managing future costs.
What implications could these findings have for residents and local enterprises?
Source: https://www.bbc.com/news/articles/cm2wvjrv79po?at_medium=RSS&at_campaign=rss