Inflation rate creeps up

by GD Sat 22 Jan 2011, 6:12 pm

The rate of inflation is creeping up in the Channel Islands, but not by as much as in the UK.

Guernsey's annual rate of inflation was 2.7% at the end of last month - up from 2.3% in September.

In Jersey the annual rate rose fractionally from 2.1% in September to 2.3% in December.

In the UK inflation is currently running at 4.7%.

The rising cost of energy, due mainly to the falling value of Sterling, has been one of the big drivers in stoking up inflation in the British Isles. (from CTV)