Isle Of Man / Ellan Vannin

Inflation in the Isle of Man continues to fall

Inflation rates in the Isle of Man have fallen for the fourth successive month, according to official treasury figures.

The December figure showed an easing down to 4.7% from 5% in November and a peak of 6.8% in August.

During the course of 2011, tobacco and cigarettes rose in price by 10.5% and fuel and light increased by 10.1%.

Treasury Minister Eddie Teare said he welcomed the fall in inflation and was hopeful the trend would continue throughout 2012.

Other items which have seen a significant increase in price over the past 12 months include clothing and footwear (8.5%) and fares and travel costs (8.3).

Isle of Man unemployment figures in November 2011 increased by 61, taking the level to 2.3%.

The government said difficult external economic conditions could bring a rise in unemployment levels on the island over the next few months.

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