Chief Minister Allan Bell says a jump in inflation might seem alarming – but he’s not too worried about spikes in the rate.
Last week, the government revealed the Consumer Prices Index jumped 0.4 per cent to 3.2 per cent.
But Mr Bell says occasional sharp rises generally balance out over the long term.
But he’s warning food prices are one of the areas driving price rises:
Clip 1
New EV charging points planned for Island's ports
Manx Utilities also planning a solar canopy at Ronaldsway
Campaigners against offshore windfarm proposals hit out at 'undemocratic' process
Concerns over consultation, 'bullying' tactics and restrictions on MHKs
Visitors told to prepare for new ETA rules
Electronic Travel Authorisations to be enforced from 23 April
Crews respond to shed fire in Greeba
'Gusty winds' believed to cause garden waste burn to spread
