New inflation figures great for Manx consumers

Friday, 4 September 2015 00:00

Inflation figures for August spells 'good news' for consumers.

That's according to Chief Minister Allan Bell.

The annual rate of inflation has increased, and stands at -0.8 per cent, up from -1.5 per cent in the previous month.

The Retail Prices Index (RPI) says it's increased to 2.6 per cent.

Excluding housing costs, it's at 2.4 per cent - down from 2.7 per cent at the last count.

Mr Bell explains what that means for residents:

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