Index falls to -0.3%
The Island recorded a negative inflation rate last month, with the consumer prices index falling to -0.3%.
The deflation comes following a 0.1% rate in May.
Figures released by the Isle of Man Government attribute the fall to a drop of more than a third in the cost of oils and other fuels, as well as reductions to travel costs and petrol prices.
It's the first time deflation has been recorded since 2016.
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Steam Packet says the situation is hugely disappointing