Treasury Minister Eddie Teare has welcomed the further evidence of a fall in the Isle of Man’s inflation rate.
The latest statistics released by Economic Affairs Division have shown a .5% drop from 3 down to 2.5% between March and April.
There are however still keep categories of expenditure that will continue to see increases, however essential items like food and clothing have continued to come down.
The Minister has linked this to increasing competition amongst retailers in a tight market.
Work continues to reopen roads closed by storm
Four-month closure planned for Peel Prom
Drop-in session on southern 20mph zones today
DOI reminds people to stay away from Storm Bram cleanup
Ewe better watch out - storm rips into farm's Xmas experience
Noble's overcrowding means audiology drop-in suspended
Government wants permanent paving around TT VIP area
Delays to buses this morning