Rate of inflation drops

Monday, 8 September 2014 00:00

The Island's annual rate of inflation has dropped.

As measured by the Consumer Prices Index it now stands at 1.3 per cent - down from 1.9 per cent in July.

The rate measured by the Retail Prices Index also fell and now stands at 2.6 per cent - down from 3 per cent.

Excluding housing costs the annual rate of inflation shown by the RPI is 3 per cent for August that's up 0.7 per cent from the previous month.

More from Isle of Man News

Harry Enfield announces Island gig

Legendary comedian Harry Enfield has announced he'll be performing on the Isle of Man.
Island to get branch of Palestine Solidarity Campaign

A new Island organisation will highlight the plight of Palestinians, if its London-based parent approves.
New government whistleblowing policy still up for discussion

Chief Minister Alf Cannan says a new government whistleblowing policy is still up for discussion.
Top TV magician to visit Island next week

The BBC's most-broadcast magician of the last decade will be visiting the Island next week.
New mapping shows risk from radioactive gas around Island

The Isle of Man's been included in UK maps showing the risk from a radioactive gas.
Manx Care sees sharp rise in complaints

Manx Care says complaints from the public rose sharply last year, after falling for three years in a row.
Ben-my-Chree trialling Northern Ireland route

The Steam Packet Company says the Ben-my-Chree will be in Northern Ireland this week for a trial sailing.
Parts of Braddan to be without water tonight

Manx Utilities says some parts of Braddan will be without water tonight.