Inflation at 3% hits States’ RPIX target

Saturday 22nd October 2011, 2:29PM BST.

INFLATION in Guernsey is on target.

Figures published in the Policy Council’s quarterly bulletin revealed that, in the year ending September, RPIX – the States’ preferred measure of inflation which excludes mortgage interest payments – was 3%.

The States had set that figure as a target not to exceed.

That compares to 2.6% in June and 2.3% at the same time last year.

RPI has also increased – from 3% in June to 3.5% in September.

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1
Ray

October 24, 2011 at 1:31 pm

I see Jersey are questioning our figures which makes me wonder if any independent body checks the figures produced by the States

Figures which of course are used to determine thousands of States employees future pay

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2
Les Beaucamps Boy

October 24, 2011 at 1:53 pm

The devaluation of Sterling inevitably means rising inflation, £300 billion extra in the UK economy is devaluation.
Remember the 70′s this horse is about to bolt and together with the Coach is about to drive through States Fiscal Policy!

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