Deflation in island

Manx money

Manx money

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Items such as food are officially costing less than they did a year ago according to the Consumer Prices Index.

The Isle of Man remains in deflation. The annual rate of inflation, as measured by the Consumer Prices Index (CPI) for June 2015 has fallen again, and now stands at -1.2 per cent, down from -1 per cent in May 2015.

But the rate of inflation measured by the retail prices index remained at 2.1 per cent in June 2015, the same as May 2015.

Excluding housing costs, the annual rate of inflation shown by the RPI is 2.7 per cent for June 2015, an increase from May’s figure of 2.4 per cent.

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