Isle of Man inflation holds steady at 2.8 percent in November

Food, hospitality and education costs continue to rise, while falls in energy prices help offset pressures

Inflation on the Isle of Man remained unchanged in November 2025, with the Consumer Price Index holding at 2.8 percent, according to the latest figures published by Statistics Isle of Man.

The data show price growth has stabilised following the sharp inflation seen during 2022 and 2023, with November’s annual rate matching that recorded in October.

On a month-to-month basis, prices increased by 0.8 percent.

The largest upward pressure on inflation came from restaurants and hotels, where prices were 7.4 percent higher than a year earlier. Within the category, wines and spirits sold on licensed premises rose by 7.7 percent, while catering services increased by 7.6 percent. The sector accounted for around 0.6 percentage points of overall inflation.

Food and non-alcoholic beverages were another significant contributor, rising by 4.7 percent over twelve months. Notable increases included beef, up 13.4 percent, coffee and other hot drinks, up 13.0 percent, and butter, which rose by 11.3 percent. Food prices made the single largest contribution to the headline rate.

Prices in education increased by 4.9 percent, driven mainly by a 9.0 percent rise in private education fees.

Housing, water, electricity, gas and other fuels rose by 2.8 percent, with rents increasing by 7.2 percent, although this was partly offset by a 8.0 percent fall in gas prices.

Several categories recorded price falls over the year, including electrical appliances, down 8.9 percent, multivitamin tablets, down 8.0 percent, and sugar and preserves, which fell by 3.7 percent.

The Retail Prices Index shows inflation of 2.9 percent in November.