On Air Manx Radio Breakfast Ben Hartley & Sian Cowper | 7:30am - 9:30am

Inflation finally falls

The Island’s inflation rate has fallen for the first time in almost a year.

The annual rate of inflation given by the Retail Price Index fell from 6.7 per cent in April to 6.3 per cent in May.

According to figures from the Treasury, the rate has been steadily rising since late 2010.

And the data shows air travellers are facing huge hikes – fares have risen on average by almost 22 per cent, whilst sea travel has risen by just over seven per cent.

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