Lowest inflation level for 16 months
Publication Date: Fri, 06 Jan 2012 08:42
Inflation on the Isle of Man is at its lowest level for 16 months.
At the end of 2011, the Retail Prices Index stood at 4.7%, down from 5% in November.
Over the course of last year the biggest price increases were seen on tobacco and cigarettes, and fuel and light, with both going up by more than 10%.
Treasury Minister Eddie Teare has welcomed the fall in RPI for the 4th consecutive month.
He hopes it's a trend that will continue during 2012.
