CONSUMER PRICES INDEX INCREASES (CPI)
- The annual rate of inflation as measured by CPI increased in September 2017 and now stands at 4.2%, compared to 4.1% in August 2017
- The rate of inflation has risen by 0.1 percent from August 2017, meaning it now stands at 4.2% for September 2017
- The increase from August is largely due to Transport which has been driving inflation over the last few months. The percentage of contribution to the rate of inflation caused by Transport increased to 1.2%. As expected, this has been driven by the rising cost of global Brent oil prices which have impacted upon petrol prices as well as heating oil. Air Travel also contributed significantly increasing 34.6% from last year
- All categories of products within the basket of goods are contributing to the overall 12 month change in inflation, apart from Clothing and Footwear. Food and Non-Alcoholic Beverages, Recreation and Culture and Restaurants and Hotels were the biggest drivers apart from Transport. Items such as Coffee and other hot drinks and Multivitamin tablets continue to be included in the months largest rises
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.
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