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.
Walkway by Guernsey's Castle Cornet reopens
Brecqhou's Barclay family removed from Sunday Times Rich List
Civil servants delay briefing politicians in Guernsey over hospital's escalating costs
Eco travel in Guernsey: swimming to work
Guernsey doctors will stop prescribing pain relief plasters
Candidates in Guernsey's 2025 election may not get a campaign grant
Aurigny warns Guernsey passengers there may be flight disruption until August.
Jersey and Guernsey invite ferry companies to bid to operate future services
