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Manx inflation goes up again

29th November, 2013

The Isle of Man's rate of inflation has increased, according to the latest figures from the economic affairs division of the Treasury.

The annual rate of inflation measured by the Retail Prices Index stood at 2.5 per cent for November, that's up from 2.3 per cent the month before. In September it was 2.4 per cent.

Excluding housing costs, the annual rate of inflation shown by RPI stood at 2.3 per cent, up from 2.1 per cent in October.

The Consumer Price Index, which excludes mortgage interest payments and household expenditure such as buildings insurance, stood at 1.2 per cent in November, up from 0.9 per cent in October.

The cost of rent and food has risen much faster than other prices. Monday's Isle of Man Examiner will have more details.

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