Huge rise in inflation

The island's inflation rate almost doubled last month, according to new figures from the government.

The Consumer Prices Index rate leapt from 2.1 per cent to 3.9 per cent - its highest rate for more than five years.

The Treasury says transport, recreation and restaurants and hotels accounted for most of the rise in the past twelve months - oil and fuels rose by more than 27 per cent.

Internet costs and household consumables saw the biggest fall in the past year.