Inflation rose to 4.6% on the island last month - up from 4.4% in October.
It's still below September's 5.0% figure, which was a five-year-high.
Transport remains the largest single contributor to inflation, showing a 1.8% increase in the overall 12 month rate.
It's followed by housing, water, electricity, has and other fuels which caused a 1% increase.
In the UK, inflation has surged to a ten-year high of 4.2%.
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Businesses invite to sponsor Island Games 2029
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Beach sauna plans submitted for the south of the Island
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