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Rising energy prices playing role in inflation boost, says Minister

Ashford says taking latest inflation rate apart is revealing

Rising energy prices are playing a role in boosting inflation rates on the Isle of Man.

This is something that's been emphasised by Treasury Minister, David Ashford.

The figure was 6.4% for January 2022, up from 6% the previous month.

Petrol and oil went up 23% whilst gas saw a 19.1% hike over 12 months.

Speaking on Manx Radio's Agenda programme,  Mr Ashford says taking that figure apart is revealing:

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