Inflation back over 9 per cent

Inflation, as measured by the Consumer price index, stands at 9.2% for June up from 8.1% in May.

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.

The category ‘Transport’ remains the largest contributor to the rate of inflation, providing a 3.2% increase in the overall 12-month rate, followed by ‘Housing, water, electricity, gas and other fuels’ a 2.4% increase. Six items within the ‘Transport’ category show significant increases. ‘Petrol and Oil’ experienced the biggest increase in prices (39.8%), followed by ‘Sea Travel’ (21.8%) and ‘Other Travel costs’ (17.8%).

Within ‘Housing, water, electricity, gas and other fuels’, ‘Oils and other fuels’ experienced the biggest increase in prices (96.8%) compared to the same month last year.