 The Retail Price Index has decreased over six quarters |
Jersey is working hard to reach a target inflation rate of 2.5%, the committee responsible for bringing down the cost of living has said. The Policy and Resources Committee has said the rate is falling, and for everyone without a mortgage it is 3.3%.
Recent official figures revealed inflation is at 5.6%.
But Senator Frank Walker said this was the headline rate and included factors beyond States' control, such as recent Bank of England interest rate rises.
Senator Walker said that without such factors, Jersey's annual change in the Retail Price Index was 3.3%, a figure reached because of falls over the past six quarters in the index and its lowest since 1999.
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