Guernsey Inflation at 17-year high

Official figures show Guernsey's inflation rate is at its highest level for 17 years.
According to the States, inflation rose to 5.8% - 0.3% higher that at the end of June. Jersey's rate of inflation is 6.4% and in the UK it is 5.2%.
The Policy Council said the rising cost of food, housing, motoring and going out put pressure on the economy.
However, the cost of clothing, footwear and leisure goods decreased over the same period.
The last time inflation was as high in Guernsey was in December 1991. (from BBC News)

Housing was a major contributor to the highest rate of inflation in Guernsey for 17 years, according to one of the island's main estate agents.
Last week, the Retail Prince Index (RPI) figures released by the States showed an inflation rate of 5.8%.
Keith Enevoldsen from Martel Maides said the housing category has the largest weighting in RPI calculations.
He said the increase was largely due to the rising costs of rents, tax, home improvements and maintenance.
While Bank of England base rates dropped by 0.75% between September 2007 and 2008, mortgage costs have not necessarily come down, Mr Enevoldsen added.
The States said the cost of food and motoring had also pushed inflation up by 0.3% from June, but conversely, the cost of clothing, footwear and leisure goods fell. (from BBC news)