Inflation

Key Points

Consumer Prices Index Increases (CPI)

• The annual rate of inflation as measured by CPI decreased in October 2019 to 0.9% down from 1.1% in September 2019.
• Inflation as measured by the Consumer Price Index has fallen again and now stands at 0.9% for October 2019.
• The main driver for the decrease in inflation this month is Housing, water, electricity, gas and other fuels, with Oils and other fuels as the biggest driver for the decrease, having reduce by 3.6%, closely followed by rent, in the private sector, which has decreased by 3.3%.
• As well as this, there is low inflationary pressure across all of the other categories, with Recreation and Culture being the most significant. Whilst prices are continuing to increase, they are doing so at a lower rate than in September 2019, having contributed 0.2% in October 2019 compared with 0.4% in September 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