Inflation down by 0.1%
Thursday 17th April 2008, 2:29PM BST.
INFLATION fell by 0.1% in the quarter to the end of March, according to figures released yesterday.
The total of 4.8% was the same as that for the corresponding period last year but 0.1% lower than at the end of December.
Chief Minister Mike Torode (pictured) welcomed the fall but added that many things seemed to be getting more expensive. ‘But the cost of most of these items is beyond our control, with fuel and food now significantly more expensive, which has a knock-on effect on travel and eating out,’ he said.
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The rest of the world suffers from increased inflation.
Time for Guernsey to tell the world how the same phenomena does not effect the island!!!!!!
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The media (to be fair mainly radio) seem to have missed the fact that this still means we have high inflation that is above many other western nations. Prices are still rising at 4.8%.
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