Inflation

Key Points

Consumer Prices Index Decreases (CPI)

• Inflation as measured by the Consumer Price Index stands at -1.3% for September 2020, a decrease of 1.4% compared to August 2020.
  
  
• Transport is the biggest contributor to the rate of inflation, causing a -1.5% decrease in the overall rate compared to same time last year. Half of the products within this category experienced a decrease in prices compared to September 2019, with air travel decreasing by -21.5%.
  
  
• Clothing and footwear is the second biggest contributor to the rate of inflation, causing a -0.9% decrease in the overall rate. All products within this category experienced a decrease in prices.
  
  
• Housing, water, electricity, gas and other fuels is the third biggest contributor to the decrease in inflation, causing a decrease of -0.3%. The decrease in this category is driven by the price of oils and other fuels which decreased by -34.6%.
  
  

The figures are published monthly by the Economic Affairs Division of the Isle of Man Cabinet Office. Full details with further breakdowns are available in the downloadable document, which is updated monthly.