Both RPI and RPIX in Guernsey are now at 3.3%, below the UK's 3.8%.
Latest figures from the States of Guernsey show both RPI and RPIX, inflation minus mortgages, were at 3.3%.
This is the lowest they have been in four years and inflation in Guernsey is now point 5 of 1% lower than in Britain.
Housing contributed 1% to the figure, again emphasising that rents and mortgages are an issue, as demand outstrips supply for homes.
The States say the greatest increases over the past year have been in the tobacco group, which went up by 11% and the catering group, up 6%.
The latter covers restaurants, bars and take away food.
Prime Guernsey seafront location for sale
Woman (20) arrested on suspicion of attempted murder in Guernsey
Last day to register for Guernsey's upcoming by election
New citizen science project observing Guernsey dragonflies and damselflies
Channel Islands music school to hit global stage with Dubai launch
67,000 sickness days across the States of Guernsey last year
The Channel Islands are officially in meteorological drought
Islanders asked for views on body image and masculinity
