Inflation rate unmoved in February

The rate of inflation on Island was unmoved during last month.

According to the latest government report, the rate stood at 2.6 per cent, the same as for January.

Officials say transport costs were the main contributor with an increase in air fares both off the Island and further afield with internet subscriptions up by 13.5 per cent compared with the previous year.

Meanwhile, clothing and footwear along with housing, electricity, gas, water and other fuels were the only categories to see a drop in prices compared with 2019.