Government controls 22% of Retail Prices Index items
Publication Date: Wed, 11 May 2011 08:06
The price of over a fifth of goods which make up the Island's inflation rate are controlled by the Government.
22% of items used to calculate the Retail Prices Index have their value set by Government.
This is also the case for 17% of the Consumer Prices Index.
The statistics were revealed by Treasury Minister Anne Craine in a House of Keys written answer
As of March, inflation on the Isle of Man stood at 6.7%.
