Ashford concerned it will hit 10 per cent
Inflation in the Isle of Man could reach up to 10 per cent later this year.
Treasury Minister David Ashford made the prediction in Tynwald while delivering a statement on the rising cost of living.
He also announced an additional £150 support payment which will be made to those in receipt of a range of benefits, including long-term sickness and pensions, around June.
A further statement on support for the winter months will be made in October.
MHK: "I am not going to be shut down by political shenanigans"
Politician accuses committee of 'tying itself in knots'
Appeal for witnesses after Mountain Road RTC involving school bus
Two motorcycles were also involved in the crash on Friday
Tynwald approves horse tram scheme
Minister Tim Crookall said the motion would ensure the scheme was 'finally' delivered.
CID investigating reports of burglaries in Port Erin
Burglary and attempted burglary reported at weekend
