Get the latest news from Manx.News

Island's inflation rate drops

Fri, 04 Nov 2016

The Isle of Man's inflation rate fell but remained positive last month.

The Consumer Prices Index dropped from September's rate of 1.2% to 0.9% in October.

Tea was the item to see the biggest jump in cost, rising 13.8% over the last year, while air travel and potatoes have also seen jumps of more than 10%.

However, sugar and preserves, bacon and other meats have all seen their prices drop.

Prior to September, the CPI had been negative since April 2015.

---