Inflation ‘under control’, but no room for complacency

Saturday 23rd October 2010, 2:29PM BST.

Roger Domaille GUERNSEY’S inflation rate is holding steady, but the island cannot afford to take its ‘foot off the brakes’, a Treasury and Resources member has said.

Yesterday saw the release of September’s core inflation figure, RPIX, (which measures the island’s cost of living ‘shopping basket’ minus the cost of housing). It stands at 2.3%, down from 2.4% in June.

In the UK, RPIX stood at 4.6%, while Jersey’s figure was 1.9%.

Treasury board member Roger Domaille (pictured) said he was pleased at the news. ‘It’s steady as she goes – inflation has stayed around our benchmark, so that’s very nice to see.’