Statistics Jersey said this quarter the island's headline inflation rate was 0.6 percentage points lower than the UK's CPIH, a measure of inflation that includes housing costs, which stood at 3.6%.

It said housing costs made the largest contribution to the RPI - this group includes public and private rentals, as well as mortgage interest payments, parish rates and maintenance and repair costs.

Statisticians said global energy markets remained affected by conflict in the Middle East.

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