Chief Minister Allan Bell says a jump in inflation might seem alarming – but he’s not too worried about spikes in the rate.
Last week, the government revealed the Consumer Prices Index jumped 0.4 per cent to 3.2 per cent.
But Mr Bell says occasional sharp rises generally balance out over the long term.
But he’s warning food prices are one of the areas driving price rises:
Clip 1
Broadband provider's licensed revoked by CURA
Opti-Fi Limited failed to submit regulatory information and pay annual licence fee
Restaurant worker in £85k incapacity benefit fraud
27-year-old handed suspended prison sentence
People urged to share their thoughts on Island's Mental Health Service
'People's views lead to real change' says Manx Care
Manx Care interim operations director to leave next month
Health minister confirms limited term appointment won't be extended