Manx inflation continues downward trend
14th May, 2012
The annual rate of inflation as measured by the Isle of Man Retail Prices Index (RPI) fell this month to 2.5%
for April, down from 3.0% in March.
The annual rate of inflation excluding housing costs shown by the RPI also decreased for April to
2.2%.
The annual rate of inflation shown by the Consumer Prices Index (CPI) is 2.1% for April 2012
Travel costs for Isle of Man residents have spiralled over the last year, according to an official report.
Treasury figures show an overall fare increase of 8.2% since April 2011.
Although no changes have been recorded for bus and coach travel, the statistics show a 4.7% rise in ferry costs and a 18% rise in air fares.
Treasury minister Eddie Teare said: "There are still key categories of expenditure that continue to see price increases.
