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Inflation rises to 9.2 per cent

Tue, 12 Jul 2022


There has been sharp rise in inflation on the Island.

The Consumer price index, stands at 9.2% for June 2022, up from 8.1% in May 2022.

This rise is in large part due to a significant increase in food prices between May and June, adding to previous rises in energy and travel costs.

'Transport' remains the largest contributor to the rate of inflation, providing a 3.2% increase in the overall 12-month rate.

 

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