Food and drink inflation is hitting people in their pockets badly.
The Consumer Prices Index headline rate for March is 9.1% – that’s 0.1% higher than February’s.
The biggest factor in the increase is food and non-alcoholic drink, which is 17.9% more expensive than 12 months earlier.
As a rule of thumb, poorer people spend a larger proportion of their income on food and drink, so the rate of inflation they personally face is higher than the headline figure.
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New inflation-linked system to set public sector rents on the Isle of Man from 2026Fruit is 11.6% more expensive, while vegetables set consumers back an extra 15% compared with March 2022. Milk rose by 27.6%.
The price of eggs is 57.8% higher than a year ago, while biscuits and cakes are up 49.9%.
As usual, there are some anomalies. For example, the government’s number crunchers say pork is 39.9% more expensive, while bacon is 7.8% more.
Fuel is another area that’s seen big rises.
Gas is 31.7% more, electricity 28.4%, coal 33.7% and central heating oil 7%.
Last month’s big jump in electricity prices, due to rise again in the summer, aren’t yet reflected in the inflation statistics.
Beer ‘off’ sales are up 5.5%, while it’s 7.1% for wine. Tobacco jumped 9.9%.
As often seems to be the case, there is an anomaly for clothing. While women’s outerwear actually got cheaper (0.8% compared with 12 months earlier). men’s jumped 8.1% and children’s were 9.9% dearer.
While sea travel is up 15.8% and air travel rose 12.4%, the £2 minimum fare saw the cost of bus travel drop by 10.2%.
The return to normal fares this month will change the situation there for April’s figures.
Inflation measured by the Retail Price Index is up 10.8%.


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