Inflation

Key Points

Consumer Price Index increases (CPI)

• The annual rate of inflation as measured by CPI increased to 2.4% in September 2018, up from 2.3% in September 2018
• Housing and utility costs has been the significant driver of inflation for September 2018, particularly the increasing costs of housing rentals and the rising cost of heating oil which is impacted by both rising oil prices and a weakening of the GBP/USD exchange rate
• The rising cost of oil and the exchange rate has also impacted on petrol prices which have caused an increase in transport costs over the period. Education costs, both private education and catch up courses such as iGCSEs have increased compared with 12 months ago
• However the cost of groceries and soft drinks is slightly lower than 12 months ago

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