Inflation

Key Points

Consumer Prices Index Increases (CPI)

• The annual rate of inflation as measured by CPI decreased in September 2019 to 1.1%, down from 2.5% in August 2019.
• Inflation as measured by the Consumer Price Index has fallen in September 2019 to 1.1%.
• The reduction in the rate of inflation this month has been caused by three main factors including Clothing and footwear, Housing, water, electricity, gas and other fuels and Transport where each of these categories contributes to a 0.1% decrease in the overall rate of inflation. 
• All items under Clothing and footwear less footwear saw a decrease in prices with Women's outerwear experiencing the greatest decrease. 
• Rent and DIY materials under Housing, water, electricity, gas and other fuels continue to show a decrease in prices. Oil and other fuels cost has also fallen compared to last year. 
• In Transport category, Other travel costs continue to have an upward pressure on inflation while Air travel costs fell following a consistent increase in price for the past five months. Petrol and oil  is the biggest contributor to the decrease in prices in this category.

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