Advertisement

Big rise in annual inflation

by isleofman.com 18th January 2010

The Isle of Man's inflation rate shot up last month, according to statistics from the Treasury.

In December, it hit 3.3 per cent, a significant rise from 1.3 per cent in November.

The Treasury says the rate is suffering because of large cuts in energy and mortgage costs more than a year ago, which artificially cut inflation.

Even if prices in December had stayed level, the annual rate of inflation would still have shot up 2.8 per cent over the course of November.

The detailed figures show the highest riser over the last year has been food, which was up more than ten per cent, and petrol, up more than 16 per cent.

Posted by isleofman.com
Monday 18th, January 2010 07:22pm.

Popular Articles

Upcoming Events

Nobles Parkrun

A free, fun, and friendly weekly 5k community event in Nobles Park.  Walk, jog, run, volunteer or spectate...
22 Mar
View More
Advertisement

You also might be interested in

Stephen Savage joins Quinn Legal’s Corporate and Commercial legal team.

Business

When the clocks sprung forward we lost another precious hour of sleep

Health & Wellness

The GFoGE guide to obstacle races & why should you do one.

Sports & Leisure

Why not take a "Wallaby" walk in the Curragh?

Nature & Wildlife

Hop-tu-Naa is an ancient festival celebrated on the Isle of Man

Visitor Guide

The Isle of Man hosts many traditional ceremonies throughout the year

Visitor Guide