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Manx Inflation increase

11th December, 2009

The annual rate of inflation in the Isle of Man rose to 1.3 per cent last month, up from zero in October.

The Isle of Man Treasury says the increase was partly due to the sharp fall in the Retail Price Index in November 2008, after the Bank of England cut the base interest rate.

The annual rate of inflation excluding housing costs was 3.4 per cent last month, compared with 2.6 per cent in October.

The annual rate of inflation shown by the Consumer Prices Index was 1.9 per cent in November.

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