Inflation rate up

Tynwald buildings, Douglas

Tynwald buildings, Douglas

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The annual rate of inflation rose slightly last month.

As measured by the Consumer Prices Index (CPI), the inflation rate rose to 1.1 per cent in November from 0.8 per cent in October.

The annual rate of inflation as measured by the Retail Prices Index (RPI) also increased in, up to 3.0 per cent from October’s figure of 2.3 cent.

Excluding housing costs, the annual rate of inflation shown by the RPI is to 3.3 per cent for November 2014.

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