Inflation on Island dropped slightly during last month.
For May this year it stood at 1.8 per cent, down from 1.9 per cent in April.
The governments latest report says a number of factors including lower postage and phone prices, along with a large decrease in rents has driven the reduction.
Meanwhile, education has been the key factor in increasing inflation.
Date set for flagship maritime industry event
A gathering described as the Island's flagship maritime event will be taking place next month.
14th Aviation Conference takes place this week
An event in Douglas this week will gather together some of the top names in the aviation industry.
Financial Intelligence Unit releases guide on spotting modern slavery
The Island's Financial Intelligence Unit has published a new document outlining red flags businesses should watch out for when it comes to human trafficking and modern slavery.
Total of 70 ships and companies sanctioned over Ukraine war
The Isle of Man has added 70 companies and ships to its sanctions list because of their involvement in the Ukraine war.
New stamps celebrate Island supercar culture
A new collection of stamps is being released by the Post Office to celebrate supercar culture and the Island's motorsport heritage.
New survey to gauge how confident businesses are
A new government survey's been launched to measure business confidence on the Island.
Tynwald to consider scrapping some government agencies
Should government agencies in the Department for Enterprise be scrapped?
Bank deposits up by nearly £3 billion on last year
The Island's finance regulator says almost £3 billion more has been placed in banks here than this time last year.
Comments
Add a comment