Covid-19 Coronavirus

Inflation

Key Points

Consumer Prices Index (CPI)

  • Inflation as measured by Consumer price index stands at 4.4% for January 2024

  • 'Alcoholic beverages and tobacco' exhibits the biggest increase, having risen 11.8% compared with 12 months ago. 'Tobacco' has seen the biggest increase in this category (15.0%)

  • The second biggest increase is Restaurants and hotels' , having risen 10.9% compared with 12 months ago. 'Wines & spirits on sales' (wines and spirits sold on licensed premises), has seen the biggest increase in this category (20.7%)

  • The third biggest contributor to the rate of inflation was 'Recreation and culture', which shows a rise of 7.2%
Statistics Isle of Man

Cabinet Office

Government Offices

Bucks Road

Douglas

IM1 3PN.

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