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Inflation falls in August

Fri, 08 Sep 2017

The Island's inflation rate fell to 4.1% last month.

The Treasury revealed the Consumer Prices Index dropped by 0.5% in August after reaching 4.6% the previous month.

The Government says the fall is largely due to the cost of transport dropping after the peak summer holiday period.

The cost of oil and other fuels, coffee and hot drinks and household equipment is all more expensive than at this time last year, while internet subscriptions, cheese and sticking plasters have decreased in cost.

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