Isle Of Man / Ellan Vannin

Isle of Man inflation rises in February

The rate of inflation on the Isle of Man increased during the month of February, according to official treasury figures.

Figures for the month showed a rise to 2.8% from the January rate of 2.5%.

During the past year on the island, food prices have risen by 4.6%, tobacco and cigarettes by 11.8% while fuel and light prices have fallen by 1.3%.

Other price increases over the past 12 months include rented accommodation (7.6%) and air travel (15.1%).

The rate of inflation on the island over the past 12 months varies from 3.9% (February 2012) to 2.1% (August 2012).

At the end of January there was a 0.3% increase in the rate of unemployment on the Isle of Man with 1176 people out of work, compared to 1020 in December 2012.

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