Inflation

Key Points

Consumer Prices Index Increases (CPI)

The annual rate of inflation as measured by CPI increased in July 2019 to 2.1%, up from 1.8% in June 2019. 

• Inflation as measured by the Consumer Price Index has risen in July 2019 to 2.1%.
• The most significant drivers of inflation for July 2019 are Recreation and culture costs, Education costs and Transport costs that make up 0.8%, 0.4% and 0.3% respectively of the overall increase in CPI.
• Within Recreation and culture, the largest contributor to the increase in inflation is Subscription to internet which has increased by 12.5% compared to last year.
• Other travel costs is the largest contributor to the increase in inflation within Transport category whereby Other travel costs has increased by 24.2%. 
• Within Education, both Private education fees and Preschool fees have increased.

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