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:
Cancelled rally could have brought £750k to economy
Enterprise Minister Tim Johnston says he supports the decision not to hold a rally event on closed roads in September.
Sea Fest continues in Peel
There's a chance to meet marine wildlife in Peel today.
Teen burgled Douglas hotel
A teenager has admitted burgling a Douglas hotel but denies domestic abuse and theft.
Public bins misused in Bride
Bride commissioners are appealing to people to dispose of rubbish properly.
Public meeting over Jurby airfield plans
People in the north of the Island are being urged to attend a meeting about the future of the airfield.
Firefighters tackle toaster blaze
A toaster sparked an emergency service callout in Douglas last night.
Southern show underway later
One of the biggest events in the Island's agricultural calendar gets underway today.
More money and staff in Manx banks
The number of people working in banks went up again this year, according to the island’s financial regulator.
