Tuesday 27 November 2012
The latest reported rate of inflation remains at the target 3%, with RPIX, the official headline rate, at 3.0% for the third quarter of 2012.
Dr Andy Sloan, States Economist said:
"Current projections anticipate a slight increase in inflation rate in the fourth quarter of 2012, mainly due pressures from food and energy baskets, themselves driven by global supply factors. Broader current economic conditions would suggest that the projected rise in rate of inflation will be temporary, subsiding later in 2013."
