CPI stands at 1.6%, RPI at 4.7%
The drop in the rate of inflation in July is 'good news' according the Policy and Reform Minister.
CPI deceased by 1% in July, down from 2.6%, and RPI dropped by just about the same amount.
Chris Thomas admits factors like the exchange rate and oil prices are beyond the control of the Manx government.
But he insists there are steps that can be taken to mitigate for the figure:
Sailings rescheduled due to tidal conditions
Crossings today, over the weekend and on Monday affected
Fourth round of bus strikes gets underway
Drivers stage walkout as DOI says 'constructive discussions' held
Haulage contractor calls for road improvements after truck accident
Driver injured after his vehicles falls foul of a verge on Tosaby Road
'Magical moment' as Manx language to light up the sky over Douglas
Drone display in the Island's capital this evening
Food wholesaler to close after 55 years
KC Foods has been in business on the Island since 1971