Get the latest news from Manx.News

Lowest inflation level for 16 months

Fri, 06 Jan 2012

Inflation on the Isle of Man is at its lowest level for 16 months.

At the end of 2011, the Retail Prices Index stood at 4.7%, down from 5% in November. 

Over the course of last year the biggest price increases were seen on tobacco and cigarettes, and fuel and light, with both going up by more than 10%.

Treasury Minister Eddie Teare has welcomed the fall in RPI for the 4th consecutive month.

He hopes it's a trend that will continue during 2012.

 

---