New government data shows inflation fell to 2.5 per cent in June, as measured by the Retail Prices Index.
Meanwhile, the Consumer Prices Index inflation rate has also fallen – down to 1.8 per cent, the lowest monthly rate since late 2009.
According to the figures from the Treasury, the biggest price hikes over the year came in food, tobacco and travel.
But the statistics also show motoring costs and the price of leisure goods have both fallen slightly since June last year.
Local businesses voice frustrations at minimum wage increase
But treasury minister says decision won't be reversed
Meeting to discuss Minimum Wage increase
Businesses invited to event hosted by Local Economy Forum tonight
Glamping plan submitted for Ramsey Rugby Club during TT
Temporary five-year change of use sought to host glamping during TT race periods
Indian takeaway calls for an end to fake orders
Restaurant reports three bogus requests in one week
