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Cost of living rises in the Isle of Man

Economic news

Economic news

The annual rate of inflation in the Isle of Man, as measured by the Retail Prices Index (RPI), showed an increase in December to 2.9 per cent up from 2.5per cent in November.

Excluding housing costs, the annual rate of inflation shown by the RPI also increased, from 2.3 per cent in November to 2.7 per cent in December 2013.

The annual rate of inflation shown by the Consumer Prices Index (CPI), which excludes mortgage interest payments and household expenditure such as buildings insurance, was 1.5 per cent in December 2013 compared with 1.2 per cent in November.

 

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