Inflation

Key Points

Consumer Price Index decreases (CPI)

• The annual rate of inflation as measured by CPI decreased in March 2019 to 1.3%, down from 1.9% in February 2019.

• Inflation as measured by the Consumer Price Index stood at 1.3% for the 12 months to March 2019.
  
  
• The reduction in the rate of inflation has been caused by Transport and Clothing & Footwear. Air travel has been the main factor for the Transport category as a result of a change in carrier who was servicing a number of routes in 2018 compared to 2019. There was also no inflationary pressure from petrol and diesel prices.
  
  
• With the exception of footwear, there has been a reduction in price across all types of clothing compared with 12 months ago. This has been caused by price discounting across a number of retailers.
  
  
• Education costs, particularly preschool fees and education classes, were the most significant contributor to inflation in March 2019.

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