Prices in Jersey rose by 2.8% in the year to December.
Inflation was essentially unchanged from September, and remains below the UK and Guernsey, both at 3.4%.
Food prices in Jersey rose more steeply though, by 3.7%, while holidays and leisure and motoring costs also pushed up the rate.
Underlying inflation, which excludes mortgage interest payments and indirect taxes such as GST and impôts was 3.8%, down from 4.1% in September 2025.
Beef shot up in price by more than a quarter (25.9%) during 2025, while coffee and cocoa rose by 13.8% and butter by 12.2%
Beef and lamb have become 60% and 50% respectively more expensive since 2020.
Annual percentage changes for each group, December 2025. Source: Statistics Jersey
Inflation in Jersey peaked at 12.7% in March 2023.
The UK rate of 3.4% remains above the Bank of England's target of 2%.
It has cut interest rates six times since August 2024, with the base rate currently at 3.75%.
The next interest rate decision is on Thursday 5 February.
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