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Inflation: big rises in key categories

The Isle of Man's annual rate of inflation has gone down again, to 4.7 per cent.

The figure was revealed by government at the end of last week, along with a detailed breakdown of the changes in prices in the various categories during the past twelve months.

The biggest rise was in the cost of household furnishings, up by just over 30 per cent.

The fuel and light category also saw big increases, with oil and other fuels up 21 per cent, followed by gas at 17.7 per cent.

Food was another area which saw significant rises, with oils and fats costing 16.8 per cent more, and 'other' meat up by over 16 per cent. Potatoes cost 15 per cent more than they did this time last year, and people are paying 13.6 per cent more for their coffee and other hot drinks.

Bus and coach fares, and air travel, both went up by around nine per cent.

There were relatively few categories which showed reductions over the twelve months to December.

The cost of bacon and poultry went down by 3.8 and 2.2 per cent respectively, there was a 5.1 per cent fall in the average cost of audio-visual equipment, and household electrical appliances cost 2.9 per cent less.

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