Chief Minister Allan Bell says a jump in inflation might seem alarming – but he’s not too worried about spikes in the rate.
Last week, the government revealed the Consumer Prices Index jumped 0.4 per cent to 3.2 per cent.
But Mr Bell says occasional sharp rises generally balance out over the long term.
But he’s warning food prices are one of the areas driving price rises:
Clip 1
Marown Commissioners to hold requisition meeting ahead of by-election
Local authority says residents will have chance to ask questions
Onchan commissioner will stand again in 2031
Gabriella Corkish received over 700 votes in General Election
Yellow warning for coastal overtopping to come into force later
It's expected from 11am
Garff candidates put in 'terrible' position by windfarm advice says new MHK
Hewison criticises advice given by AG's chambers