Inflation on Island still in double digits

Inflation on Island fell slightly last month - but still remains in double digits. 

As of August, it stood at 10.4% - down from 10.8% in July - the highest recorded rate this century.

According to the latest report - housing, water, electricity, gas and other fuels continue to be the biggest contributor to the rate of inflation with an increase of 27.5%. 

All prices within this category saw an increase compared to 12 months ago, with 'Oils and other fuels', seeing the biggest increase of (86.0%).

'Transport' has seen the second biggest increase contributing 12.7% to the overall CPI. 'Petrol and Oil' has seen the biggest increase in this category (39.1 %).

You can see the full report here.