Guernsey inflation increases to 3% due to rent rises

Prices in Guernsey rose by 3% in the 12 months up to the end of September.

The latest figure from the States' Policy and Research Unit shows an increase in the RPIX rate from 2.6% in the previous quarter.

Private rents and household maintenance costs were cited as the main contributors to the rise, followed by motoring and fuel, light and power.

Mortgage interest payments are excluded from the calculation. When included, the rate stands at 3.5% (up from 3%).

In the UK and Jersey, the equivalent RPIX figures were 5.7% and 5.5%.

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