Manx inflation rate rises

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THE island’s inflation rate has risen.

February’s rate, measured by the Retail Prices Index, is 2.8 per cent. In January it was 2.5 per cent.

Excluding housing costs, the rate has risen from 1.8 per cent in January to 2.2 per cent.

Measured by the consumer prices index, it was 1.4 per cent in February, up from 1.1 per cent.

The UK’s February figures have not yet been published.

In January RPI inflation there rose to 3.3 per cent in January from 3.1 per cent in December.

CPI inflation was 2.7 per cent.

The different measures of inflation weight different goods differently. The RPI includes mortgage interest payments and household expenses such as buildings insurance, for example. CPI doesn’t.

For a more detailed examination of the figures, see tomorrow’s Manx Independent.

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