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Rate of inflation falls in January

Fri, 06 Feb 2015

The Isle of Man's rate of inflation fell by 0.2 per cent in January.

The figures - published monthly by the Economic Affairs Division - reveal a drop from December's figure of 0.2 per cent.

Last month, the annual rate of inflation also decreased to 1.9 per cent, down from 2.2 per cent in December 2014.

Measured by the Consumer Prices Index (CPI) - it's the first time a negative rate of annual inflation has been recorded since the CPI was established in 2008.

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