Jersey's inflation rate has fallen to single figures for the first time since September 2022.
Prices have jumped by 7.5% of the 12 months to December 2023, the slowest rise since March 2022.
Housing costs were again the biggest rise, jumping nearly 17%, due to high-interest rates and costly utility bills.
The food shop is 5.9% more expensive than last Christmas.
Despite the drop, the island's inflation rate is still the highest of anywhere in the British Isles.
Guernsey's rate has fallen to 6.3%, while the UK's unexpectedly rose to 4%.
Jersey's new Chief Minister, Lyndon Farnham, says the high cost of living is one of his 'key priorities' for his government.



'Partnership Leads' appointed of new school grouping system
Businesses to get more money towards cost of training staff
Andium marks record year for new homes in Jersey
Princess Anne opens Jersey Zoo gorilla enclosure
Tarifa Jet and Caesarea Trader return to service
Jersey Post returns to profit
Could harnessing the youth vote change the election?
Inclusive island-wide fundraising challenge asks for 'moment of understanding'