January's inflation rate stays the same

The annual rate as measured by CPI remains at 3.3%

Inflation stayed at the same level in January as it did in the previous month.

The annual rate as measured by Consumer Prices Index (CPI) is 3.3 percent.

The category with the biggest increase was Restaurants and Hotels, which went up by 7.4 percent compared to 12 months ago.

The next biggest contributors were Communication, which rose by 5.2 percent, and Education which increased by 5.8.

The largest category movements were domestic help which went up by 17.6 percent and coffee and other hot drinks which rose by 10.3.

The report, published by Statistics Isle of Man, says around 1,000 prices are collected for some 500 items to calculate the inflation rate.

You can read the full report here.