Inflation down but don't get excited says Manx money expert

Fri, 17 Sep 2010

The rate of inflation on the Isle of Man has gone down again.

The rate for July went down to 4.4% from 4.7% the month before.

Overall the annual rate of inflation went down to 3.9%

Sharon Sutton from Thornton Associates on the Isle of Man says the news should be welcomed with a degree of caution. The managing director added "There is still a fair bit of pain to come from the UK economy which could filter through to the Island, so don't get too excited yet"

Make sure you tune in to our hourly bulletins on Energy Fm to hear Sharon's informed comments in full.