Latest government figures show prices are rising at their slowest rate in three years
With inflation on a downward trend and the latest figures showing a three-year low, Treasury hopes consumers and businesses will have more confidence in the market.
The Isle of Man's CPI reached 2.2 percent in April, the last time it was below that figure was in April 2021.
Treasury maintains the Island Plan's target of reaching an almost double GDP in less than a decade is still possible.
Minister Alex Allinson was asked if that goal relies too heavily on meeting population growth targets:
Housing minister 'shocked' there are no first-time buyer properties currently available
Manx businesses at 'great competitive disadvantage' says MHK
Road to close again from Monday
Airport passengers urged to arrive two hours before departure