Treasury Minister Alex Allinson says he thinks good times are ahead as inflation continues to fall.
In a video on Facebook released by the government alongside the latest inflation figures, he said electricity prices had been coming down.
Mr Allinson says inflation remains high in the hospitality industry, particularly hotels and restaurants.
But he says he's hopeful inflationary pressures on people's budgets are easing:
Passport and immigration public counters to temporarily close
The Government Offices passport, immigration and nationality public counters will be temporarily closed next week.
Overnight delay means today's sailings will set off late
A number of Steam Packet sailings will be setting off later than scheduled today, Saturday, November 1.
Fireworks displays to kick off with event tonight
Fireworks displays are set to go off with a bang around the Island, starting tonight.
Second night of police roadside car checks finds less defects
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Society appeals for help about traditional gypsy caravans on the Island
Do you know of any traditional gypsy caravans on the Island?
Government issues bird flu warning after infected buzzard found
The government's warning people not to touch sick or dead birds after a wild buzzard which died of bird flu was found in a garden near Bride.
Will new UK law be brought in to protect Manx renters from mould?
What consideration is the government giving to bringing in a UK law which protects renters from damp and mould?
Local Economy Forum launched to propose alternative to 'destructive' min wage increase
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