Inflation

Key Points

Consumer Prices Index Increase (CPI) 4.4%

• The annual rate of inflation as measured by CPI remains unchanged for March 2018 at 4.4%, the same as February 2018.

• Inflation as measured by the Consumer Price Index remained at 4.4% for March 2018.

• The most significant contributor to the rate of inflation is Transportation costs, which account for 1.6 percentage points of the overall rate. The cost of air travel is the most significant contributor within this category, followed by sea travel. However the cost of petrol and diesel has slightly fallen over the same period.

• Restaurants and Hotels and Housing, Water, Electricity, Gas and Other Fuels both contributed 0.6 percentage points of the overall rate. The cost of eating out has continued to rise, alongside the cost of rent and heating oil compared to 12 months ago.

• Whilst prices in all categories, with the exception of Clothing and Footwear, have increased compared with 12 months ago, the rate of increase in a number of the categories has slowed compared with February 2018.

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.