DCSIMG

Manx inflation rate is up slightly

TYNWALD - BUDGET - MANX MONEY - CURRENCY - �35

TYNWALD - BUDGET - MANX MONEY - CURRENCY - �35

The headline rate of inflation in the Isle of Man has risen slightly.

Figures released by the government show that the annual rate of inflation, measured by the Retail Prices Index, was 2.8 per cent in June. It was 2.7 per cent in May.

However, excluding housing costs, RPI inflation dropped in June to 2.4 per cent, compared with 2.8 per cent in May.

Inflation measured by the Consumer Prices Index, which excludes mortgage interest payments and household expenditure such as buildings insurance, increased in June to 1.8 per cent from 1.6 per cent in June.

The UK has not yet calculated its figures for June. In May, RPI inflation there was recorded at 2.4 per cent.

 

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