Rate of inflation drops

Monday, 8 September 2014 00:00

The Island's annual rate of inflation has dropped.

As measured by the Consumer Prices Index it now stands at 1.3 per cent - down from 1.9 per cent in July.

The rate measured by the Retail Prices Index also fell and now stands at 2.6 per cent - down from 3 per cent.

Excluding housing costs the annual rate of inflation shown by the RPI is 3 per cent for August that's up 0.7 per cent from the previous month.

More from Isle of Man News

Plane makes emergency landing in field

The fire and rescue service says it was called to Grenaby earlier after a light aircraft came down.
Manx star reveals Marvel show release date

Fans of Manx actor Joe Locke are in for a double treat later this year.
Kiefer Sutherland stars in '24 at Villa Marina!

Actor and musician Kiefer Sutherland will be playing the Isle of Man later this year.
Police still looking for stolen car from Douglas

Police say they are still looking for a stolen vehicle.
Planning submitted for new mobile classrooms for two schools

The Department of Education has applied to put mobile classrooms at two Island schools.
Infrastructure Minister says department is dealing with boy racers

Infrastructure Minister Tim Crookall says his department is coming for boy racers, with new laws to combat noisy vehicles.
Charity holding suicide prevention training in June

Training is being offered to those who want to help prevent deaths from suicide next month.
Manx resident caught-up in Georgian protests

An Island resident caught up in protests in Georgia says he's been questioned by police - who couldn't understand his Manx identification.