Inflation hits double digits

The Island's inflation rate has now hit double digits - at 10.8%.

It's a 1.6% rise on last month - when the Consumer Prices Index was 9.2%.

'Housing, water, electricity, gas and other fuels' continues to be the biggest contributor to the rate of inflation with an increase of 28.9%.

All prices within this category saw an increase compared to 12 months ago, with 'oils and other fuels', which saw the biggest increase (89.9%).

Transport' has seen the second biggest increase contributing 18.9% to the overall CPI.

Excluding Air and Sea fares, CPI inflation is 10.2%.

You can see the full report here.