Inflation heads south

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Inflation heads south

Post by GD on Sat 21 Jan 2012, 5:56 pm

There has been a fall in Guernsey's inflation rate.

It means the cost of things is still going up, but the speed at which prices are rising is slowing.

There are many ways to measure inflation, but Guernsey's preferred method is called RPIX - that is a guage of the cost of a range of goods, but does not include mortgages.

RPIX now stands at 2.8%, down from 3% the previous quarter.

The main drivers of inflation are the increasing cost of heat, light and power; food; and motoring costs.

But some things actually fell in price. Clothing and footwear, the cost of travel and alcoholic drinks became cheaper - the last of those being put down to special offers in the shops over Christmas.

Guernsey's inflation rate remains lower than that of Jersey and the UK.
(from CTV)

True R.P.I. = 3.2 .......

......THE BOSS......

"Always be yourself because the people who mind don't matter, and the people who matter don't mind"


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Re: Inflation heads south

Post by Thistle on Sat 21 Jan 2012, 6:36 pm

the price of petrol/diesel is still rising when it has been a fall in fuel prices that has caused the uk inflation rate to fall..makes me wonder who is screwing who x

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