Inflation

Key Points

Consumer Price Index increases (CPI)

• The annual rate of inflation as measured by CPI increased slightly to 2.6% in January 2019, up from 2.5% in December 2018.
• Inflation as measured by the Consumer Price Index stood at 2.6% for the 12 months to January 2019.
• Transport costs continue to be the main driver of inflation, due to both air and sea fares whilst petrol and diesel prices are now slightly lower than they were 12 months ago. Housing costs are another driving factor of inflation, rent (both public and private) and heating oil, which is falling month on month but remains higher than 12 months ago.
• The cost of leisure activities and education, which includes nursery fees, private education and courses at University College Isle of Man, have also increased compared with 12 months ago.
• However the cost of food and non-alcoholic drinks remains lower than it did 12 months ago for many items in the basket.

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