Ashford concerned it will hit 10 per cent
Inflation in the Isle of Man could reach up to 10 per cent later this year.
Treasury Minister David Ashford made the prediction in Tynwald while delivering a statement on the rising cost of living.
He also announced an additional £150 support payment which will be made to those in receipt of a range of benefits, including long-term sickness and pensions, around June.
A further statement on support for the winter months will be made in October.
'Void of information' over windfarm proposals leading to misinformation
Campaign group to hold event for public to find out more
MLCs to consider nicotine pouches legislation
Proposals seek to prevent under 18s being able to purchase the products
Doctors accept three-year pay offer
BMA says the deal ends its dispute with Manx Care
Protections for local authority members, permitted development, and bees: 2026 Tynwald Day petitions in brief
More than twenty petitioners present their case to the Manx parliament