Island inflation decreases for February

Inflation on Island went down during last month.

The annual rate stood at 1.9 per cent for February this year, compared to 2.6 per cent in January.

The government report on the matter says previous upward pressure from the likes of housing, water, electricity and transport has reduced.

It added the main inflationary pressure last month was education, with the rising cost in pre-school fees being the main cause.

More from Isle of Man Business