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Island's inflation rate jumps 1%

CPI rate is now 1.2%

The Isle of Man's inflation rate increased by one per cent last month.

It now stands at 1.2 per cent as measured by the Consumer Prices Index.

Due to changes in border restrictions the rate for April has excluded air and sea fares – with those included the CPI reading would be -0.4 per cent.

Government says the biggest contributor to the increase is recreation and culture with all products within this category experiencing a jump in prices.

You can find the full report here.


 

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