Inflation in Guernsey using the RPI method stands at 6.3%, more than 3.8% lower than the rate in Jersey but still ahead of the UK's 4%.
The latest inflation bulletin published by the States shows the main rate, RPI, has dropped by 2.2% over 2023 and by 0.7% since the end of September 2023.
In comparison, Jersey's RPI rate stands at 10.1%
The UK rate is 4% which is slightly up on the dip below 3.9% that economists were predicting. This may affect any decision by the Bank of England to lower interest rates.
RPIX, which excludes mortgage payments, is now running at 5.5% in Guernsey, down 3% over the year and 0.8% down on the September figure.
The greatest contributors to inflation locally are housing, household and leisure. Housing includes all the costs involved in running a home, like rates, utility bills and payments to tradespeople for repairs.
Leisure services include entertainment, gym membership and holidays.
Guernsey charity sees more 'in work' families requesting help
Guernsey deputy backs pavement speed limit
Survey reveals islanders’ concerns over misogyny and body image
Plan to reduce violence against women and girls in Guernsey and Alderney
Guernsey Airport scaffolding expected to stay for 'a couple more years'
Calls to reduce pavement surfing in Guernsey
Alderney vicar delivers life saving CPR
App launching to tackle loneliness in Guernsey
