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Inflation drops to 1.3% in March

Air travel fares drop by 14%

The annual rate of inflation on the Island decreased to 1.3% in March - down from 1.9% in February.

Calculated across a period of 12 months using the CPI method, the reduction in the rate of inflation is thought to have been mainly caused by transport costs, and clothing and footwear.

Air travel fares came down 14%, with men's and women's outerwear dropping by between 6 and 8%.

The main rises came from postage, more than 10% up from last year, alcohol sales on licensed premises which are up by 13% and fees for kennels and preschools.

Communication has also become more expensive, with internet subscriptions more than 11% more costly than twelve months ago.

To see the monthly inflation report in full, click here.

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