Island's inflation at 7.6%

Inflation on Island has fallen once again.

According to the latest Consumer Prices Index, it now stands at 7.6 per cent - down from 8.5 in April.

'Food and non-alcoholic beverages' were the biggest contributor to the rate of inflation, with an increase of nearly 18%.

Eggs, for example, are more than 50% more expensive than they were this time last year.

Meanwhile, 'restaurants and hotels' were also on the rise - jumping up by 14%.

Alcohol and tabacco have also risen by nearly ten per cent, whilst some things - like gas, petrol and oil - have become cheaper.