Island's inflation rate increases to 6.5 per cent

Up from 6.4 per cent in January 2022

The Isle of Man's inflation rate, as measured by the Consumer Prices Index, has risen to 6.5 per cent.

The figure, for February, is up from 6.4 per cent the month earlier.

Transport remains the largest contributor to the rate of inflation providing a three per cent increase in the overall 12-month rate.

Housing, water, electricity, gas and other fuels showed a 0.9 per cent rise.

Air travel experienced the biggest price increase at 49.3 per cent.

You can find the full report HERE.