Inflation slightly up on the Isle of Man last month

Mon, 11 Feb 2019

The Consumer Prices Index increased slightly to 2.6% last month, from 2.5% at the end of December.

The Cabinet Office says transport costs continue to be the main driver of inflation, due to both air and sea fares whilst petrol and diesel prices are now slightly lower than they were 12 months ago.

The cost of leisure activities and education, which includes nursery fees, private education and courses at University College Isle of Man, have also increased compared with 12 months ago.

However the cost of food and non-alcoholic drinks remains lower than it did 12 months ago for many items in the basket.