The economy of Jersey has seen a drop in its inflation rate. Latest figures show in the past quarter it has gone down by 0.7% to 4.2%.
Although prices are still rising, they are going up at a slower rate than they were in the first three months of the year.
Finance President Senator Terry le Sueur said it is a move in the right direction but also said he believed more cuts in States spending should help reduce it further.
Interest rates
In March, the inflation figure stood at 4.9%.
Senator le Sueur said the inflation decrease is because fuel prices have fallen globally.
Other contributing factors include a fall in the cost of buying houses because of lower interest rates.
It is the first time in more than five years Jersey's inflation rate is lower than Guernsey's.
The figure is calculated from the Retail Price Index at the same point last year.
In June 2002, the all items index was 108.3. In June this year, it was 112.9, a percentage change of 4.2.
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