Jersey's inflation rate has fallen to single figures for the first time since September 2022.
Prices have jumped by 7.5% of the 12 months to December 2023, the slowest rise since March 2022.
Housing costs were again the biggest rise, jumping nearly 17%, due to high-interest rates and costly utility bills.
The food shop is 5.9% more expensive than last Christmas.
Despite the drop, the island's inflation rate is still the highest of anywhere in the British Isles.
Guernsey's rate has fallen to 6.3%, while the UK's unexpectedly rose to 4%.
Jersey's new Chief Minister, Lyndon Farnham, says the high cost of living is one of his 'key priorities' for his government.
Jèrriais film set to hit the screens at 13th Parish Film Festival
Muratti Tickets on now on sale
Jersey Cricket men's team play at Lord's
Seabird protection outweighs visual impact after predator fence appeal
Guernsey rejects inter-island ferry proposal
The newly revealed faces and details of Jersey's past
Up to £150 for families to help with school essentials
No more funding from Guernsey for Jersey company that delivers its newspapers
