Isle of Man inflation continues to rise

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The rate of inflation in the Isle of Man has continued to rise for the third consecutive month, the government said.

Statistics for 2013 show a continuous rise from 2.5% in January to 2.8% in February and 3.3% in March.

During the past year, food prices have risen by 4.9%, tobacco and cigarettes by 11.8% while fuel and electric prices have fallen by 1.8%.

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

The current rate of inflation is the highest since February 2012 when it stood at 3.9%.

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