Inflation

Key Points

Consumer Price Index increases (CPI)

• The annual rate of inflation as measured by CPI decreased to 3.2% in November 2018, down from 3.5% in October 2018
  
  
• Inflation as measured by the Consumer Price Index stood at 3.2% for the 12 months to November 2018
  
  
• As with previous months, Transport and Housing, water, electricity, gas and other fuels continue to be significant drivers of inflation over 12 months
• for Transport, whilst petrol prices have fallen over the month, they still remain higher than they were 12 months ago, and travel costs both by air and sea continue to contribute
• Heating oil, which has increased despite global oil markets, and rent continue to be driving the housing category
  
  
• Over 12 months, most categories continue to experience an increase in prices although Clothing and Footwear, Health and Food and Non-alcoholic beverages did experience slight falls over 12 months which was driven by price reductions across a wide number of product groups

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