Island's inflation rate falls to 7.9%

Government says drop is due to lower gas prices

Inflation on the Island fell by 2.2% in November.

Data released by the Isle of Man Government shows the consumer prices index now stands at 7.9%, down from 10.1% in October.

The inflation report says the drop is almost entirely due to the recent reduction in gas prices.

Housing, water and electricity remain the biggest contributors to inflation.