- The rate of inflation has remained the same at 1% as November 2016 and has continued the positive trend of inflation since September 2016.
- The upward inflationary pressure has been caused by rising prices across most categories, with Transport, Recreation, Culture and Housing, Waterm Electricity, Gas and other fuels having the largest impact. Petrol and Diesel prices have increased by 10% since December 2015, and oil for heating has increased by an average of 21% since December 2015.
- Along with upward pressure, there has also been fewer downward pressures compared with December 2015, with lower levels of discounting and sales seen in the retail sector.
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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