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'Imported inflation' and the problems it brings could be with us for up to three years.
Treasury Minister Allan Bell (pictured) says what support can be offered on the Island has already been flagged up, and admits it may be a case of 'gritting our teeth' in the face of steadily rising costs.
Inflation currently stands at 5.6% and is being driven by global fuel prices:
Work underway to 'get confidence back in the economy'
Chief minister says concern over finances based on 'more sentiment than actual evidence'
Energy and food security "two most important things", says MHK
Douglas North's John Wannenburgh believes these are the two main components that will determine the Island's survival
Gatwick drop-off fee rises again
Heads up for Manx air passengers travelling to London
Isle of Man inflation holds steady at 2.8 percent in November
Food, hospitality and education costs continue to rise, while falls in energy prices help offset pressures
