Inflation

Key Points

Consumer Prices Index Decreases (CPI)

  • The annual rate of inflation as measured by CPI increased to 2.6% in June 2018, up from 2.2% in May 2018.
  • Inflation as measured by the Consumer Price Index stood at 2.6% for the 12 months to June 2018.
  • Inflation has been primarily driven by an increase in the crude oil price, which has resulted in significant increases in heating oil and petrol prices over the last 12 months, with Transport and Housing, water, electricity, gas and other fuels contributing the most to the rate of inflation. Increases in the cost of rent, both public and private, have also contributed to the rate of inflation.
  • Whilst most categories are continuing to show price increases over the 12 months, Food and non-alcoholic beverages is an exception, with prices having fallen over 12 months in many of the items within the basket.

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

Official StatisticRelease Date 2018/19
January 2018  2  February 2018
February 2018 2  March 2018
March 2018 6 April 2018
April 2018 8 May 2018
May 2018 18 June 2018
June 2018 16 July 2018
July 2018 13 August 2018
August 2018 10 September 2018
September 2018 15 October 2018
October 2018 12  November 2018
November 2018 10 December 2018
December 2018 14 January 2019
Economic Affairs Division

Cabinet Office

Government Offices

Bucks Road

Douglas

IM1 3PN.

Telephone:+44 1624 685752

Email:Send Email