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Friday, 22 July 2011

"The Poor Get To Pay More"

Cost of living rises 4.5 per cent


Treasury Minister Philip Ozouf

THE cost of living in Jersey increased sharply last month following the rise in GST.
According to figures released today, inflation increased by 4.5 per cent during the year leading up to last month.
According to figures released today, inflation increased by 4.5 per cent during the year leading up to last month.
And 1.3 per cent of that rise occurred last month alone, after GST increased from three per cent to five per cent.
However, Treasury Minister Philip Ozouf has moved to reassure Islanders that the rise was expected, and that the increase was just a ‘temporary blip’ caused by the one-off rise in the sales tax.
He added: ‘We have always said that the effect of the GST rise would filter through into this quarter’s figures.

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