Treasury Minister expects further fall in inflation

Fri, 03 Feb 2012

Treasury Minister Eddie Teare MHK

The Treasury Minister says the Island's inflation rate is levelling out after rises in VAT and energy prices.

Eddie Teare has welcomed the latest fall to the Retail Prices Index, which fell to 4% in January.

It's the lowest level for the RPI since December 2009, and the 5th consecutive month of contraction.

Mr Teare thinks we can expect further falls in inflation [play clip]