Thursday, October 19, 2017
You are here: Isle of Man > Isle of Man News
Isle of Man News
General News
Inflation Reaches 6% 14 October 2004

Rising world energy prices continue to be the largest factor in the increase in the Island's rate of inflation. The Fuel & Light category has shown an increase of 23.8% over the twelve months to September.

During the month mortgage interest rates also rose contributing to a 7.8% rise in the Housing category over the year. Over the month to mid September the largest increase was also in the Fuel and Light index which recorded a rise of 6.1%. Not all categories showed an increase. There was good news in the form of price decreases in the Household Goods (down 1.4%) and Clothing (down 0.2%) categories.

The annual rate of inflation now stands at 6.0%.

The General Index of Retail Prices is currently 116.5 (January 2000 = 100.0).

More stories >>>  

Related News Articles
Government acts to protect local economy and jobs 19 April 2013
GOVERNMENT is backing the financial restructuring of a prominent Island business group to help protect the local economy, Chief Minister Allan Bell MHK announced today (Friday April 19, 2013). [More]
DED outlines plans to develop and diversify the economy 28 February 2013
'Agenda for Change – Our Economy’ document publishedThe Department of Economic Development has outlined Government’s strategy to further develop and diversify the Isle of Man’s economy over the coming year. [More]
DCCL continues efforts to meet budget targets 19 February 2013
SummaryA total of 12 managerial and admin posts have been removed saving £350,000 a year. [More]
Budget lays ‘Firm Foundations’ for the future 19 February 2013
GOVERNMENT is on course to rebalance its finances while working to develop the Island’s economy and protect the vulnerable. [More]
DED focuses on job creation and income generation in 2013 19 February 2013
SummaryReal terms economic growth of 3% in 2012/13 and 4% forecast for 2013/14. [More]

Other Guides by Maxima Systems Ltd: Disney World