.jpg)
A further fall in the Isle of Man's annual rate of inflation is being welcomed by Treasury Minister Eddie Teare.
It stood at 4.7 per cent as 2011 drew to a close, the lowest it's been for 16 months.
It's the fourth month running the Island's inflation rate has fallen, and Mr Teare says he hopes the trend will continue into 2012.
Inflation peaked at 6.8 per cent in August last year, have been in negative territory in June 2009.
Ministers to meet with LVA to discuss hospitality concerns
Comes after concerns raised about the issues facing the industry
Looneys of Ramsey to close
Number of factors behind the decision
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
Villiers Square development plans approved
Two buildings proposed for the site
Developer offers Newson's building to government 'free of charge'
But government minister thinks it wouldn't be appropriate to accept
Financial education course launched through UCM
Two-year course combines various qualifications
