Inflation rate falls again

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THE Isle of Man’s rate of inflation continues to fall.

Helped by falls in energy and petrol prices, the Retail Price Index – which peaked at a 20-year high of 6.8 per cent in August last year – fell again from 2.5 per cent in June to 2.2 per cent in July.

There were also significant falls in categories including clothing and leisure goods and services.

The annual rate of inflation excluding housing costs shown by the RPI also decreased for July to 1.5 per cent.

Inflation as shown by the Consumer Prices Index (CPI) fell from 1.8 per cent in June to 1.4 per cent.

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