Inflation

Key Points

Consumer Prices Index Increases (CPI)

The annual rate of inflation as measured by CPI decreased slightly in May 2019 to 1.8%, down from 1.9% in April 2019

• Inflation as measured by the Consumer Price Index stood at 1.8% for the period May 2018 to May 2019.
• The reduction in inflation has mainly been caused by Clothing and Footwear whereby prices of all subcategories other than footwear and men's outwear are falling. The largest contributor toward reduction in this category has been childrens' outerwear.
• The second main contributor towards the reduction in inflation is Communication. Prices for postage increased while prices for telephones, etc. fell.
• Housing, water, electricity, gas and other fuels also contributed towards falling inflation this month with the largest decrease being seen in rents.
• Education has been the main contributor towards increasing inflation this month.

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.

Provisional Release Dates for the Isle of Man Inflation Report