Economic Trends Policy Brief updated

On 29 October, Statistics Jersey released its quarterly inflation report. Key points -

• The All-Items Retail Prices Index (RPI) increased by 2.8% in the year to September 2025.
• The increase in the RPI was 0.2 percentage points more than that to June 2025 (2.6%) and 0.2 percentage points less than a year ago (3.0% in September 2024).
• The underlying inflation increased by 4.1%.
• The rate of inflation in Jersey was 1.3 percentage points lower than the comparable UK figure.

On 22 October Statistic Jersey published the Business Tendency Survey for September 2025. This showed that the all-sector business activity indicator was moderately negative with a balance of -12 percentage points. The expectation for future business activity was neutral with a balance of +9 percentage points. Labour and non-labour costs were reported as increasing by almost half of all businesses. The main factors limiting business activity were cited as being staff and/or skills shortage (54%), lack of demand (33%) and regulation (31%).

The Policy Brief covers all the main economic indicators and is kept continually up to date.

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