Treasury Minister welcomes fall in inflation

Tue, 07 Aug 2012

Treasury Minister Eddie Teare

The Treasury Minister is welcoming a further fall in the Island's inflation rate.

Latest figures show it now stands at 2.2 per cent - the lowest it's been in over two and a half years.

The latest fall is being put down to a decrease in the price of things like clothes and leisure goods.

Surprisingly, a dip in energy and petrol costs is also being given some of the credit.

Eddie Teare says he realises people think fuel prices are very high but he says they did ease last month.

He's optimistic about the latest inflation trends.

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