Cost of Isle of Man living lowest since November 2013

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The cost of island living has fallen to its lowest level since November 2013, according to official IoM figures.

The Isle of Man treasury statistics shows March inflation, as measured by the Retail Prices Index, fell to 2.6% from 2.9% in February.

The report said the rate now stands at its lowest rate since November 2013 when it was recorded at 2.5%.

In the past 12 months tobacco and cigarettes rose in price by 6.9% and food prices have increased by 6.2%.

The cost of fuel and lighting during the same time period has fallen in the Isle of Man by 0.9%, while fares and travel costs have decreased by 6.2%.

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