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.


New Year's Eve evacuation near Howard Davis Park due to gas leak
Plans submitted for Millbrook Park extension
Five Jersey residents on New Year Honours List
All-Jersey cast and chorus take to The Opera House stage
Trekkers raise £25K for Dementia Jersey
Alleged road rage assault on Christmas Eve
Jersey's first Christmas Tractor Run raises more than £10k
Finish line looms for school's Advent Challenge