Treasury Minister expects inflation to keep falling

Fri, 04 Nov 2011

Treasury Minister Eddie Teare MHK

The Treasury Minister is welcoming the fall in inflation.

The rate peaked in August at 6.8% - but for fell over September and October.

It now sits at 5.2%.

Eddie Teare says it's good news for householders, especially those on fixed and low incomes who've been feeling the pressure of high inflation.

The Minister expects the rate to continue to fall over the next few months.

However, he says the rise petrol prices in the New Year could affect inflation slightly....[play clip]