Inflation rate falls to 3.8%

Fri, 02 Feb 2018

The Island's inflation rate fell to 3.8% in January.

Government figures show the Consumer Prices Index dropped by 0.3% last month from 4.1% in December.

The Economic Affairs Division estimates food and non-alcohol beverages, along with restaurants and hotels were the greatest contributors to January's inflation rate.

Tea, butter and household equipment have all seen big price rises over the last 12 months, while footwear, internet subscriptions and electrical appliances have all fallen in cost.