Jersey's rate of inflation has fallen to 2.5%, down from 3% in September 2024.
The island's latest RPI matches the UK's December figure and represents the smallest annual change since March 2021.
The biggest contributor to the measure of price rises was in leisure services - entertainment and sport fees - and holidays, up by an average of 6.5%.
Food prices have risen by 3.8% in the twelve months since December 2023, while fuel and light bills are up 7.8% over the same period.
Jersey's inflation rate remains much lower than Guernsey, which sits at 4.6 %.
The 'basket of goods' used to monitor Jersey prices has been updated for the first time since 2017.
Statisticians have analysed consumer spending patterns and removed around 40 items that have fallen out of favour with shoppers. replacing them with others that have become more common household purchases.
The 500-strong list now includes pre-cut vegetables, non-diary milk, smartwatches, smart speakers and ebikes.
No longer monitored are the prices of digital cameras, camcorders, CDs and DVDs.
Men's ready-made suits and ties have also been cut, along with women's skirts - replaced by women's sports leggings.
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