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Inflation reaches highest level since May 2012

Fri, 07 Apr 2017

The Island's rate of inflation is at its highest level in nearly five years.

In March the Consumer Prices Index climbed from 1.9% to 2.2% - the highest figure since May 2012.

The Treasury says the jump is due to a number of external changes having an impact on the Island.

Oil and other fuels are over 40% more expensive than at this time last year, but the cost of sea travel, air travel and household consumables have all fallen.

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