Fluctuations over for now - Thomas
A government minister says he expects inflation in the Isle of Man to remain at a similar level in the short term.
Official figures put the Consumer Prices Index (CPI) at 4.6% in July - up 0.6% from June.
That's in stark contrast to the picture twelve months ago, when the economy was in a period of deflation.
The CPI rate in July 2016 was -0.3%.
Policy and Reform head Chris Thomas says the effects of Brexit, and increased transport costs, are major factors in last month's rise.
Enterprise minister 'recognises access to cash is important'
Minister: 'Social media is good for hearing patient experiences'
Act of remembrance for HMS St George
Ramsey Commissioners purchase 12 new flats to help social housing waitlist
Comments
Add a comment