Inflation in Guernsey has dipped to below 5% for the first time in nearly three years.
RPI is running at 4.6% . That is half a percentage point lower than in September.
It is also 1.7% lower than a year earlier, with the December 2023 RPI at 6.3%.
The cost of housing was one of the main drivers of rising prices, with many people facing bigger mortgage repayments and higher home insurance premiums.
Tobacco saw the biggest price rise of all product groups, at 14.5% because of the health tax imposed at the last budget.
Fares and other travel costs were up by 7.7%.
By comparison, the UK's inflation rate was 2.5% in December 2024, down from 2.6% in the previous month. The slight decline surprised economists who have warned of price rises this year.
It could lead the Bank of England to cut interest rates next month.
Latest RPI figures for Jersey are due out next week. In September inflation there was 3%.
In the autumn, Guernsey's IOD business group warned that inflation remaining stubbornly high 'could undermine our competitiveness if not addressed'.
This week nurses with the RCN union accepted a 5% pay increase for 2025.
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