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:
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"He enjoyed hearing the Manx national anthem!": King greets guests at Government House
His Majesty meets representatives of the Manx community at Garden Party
Crowds gathered in glorious sunshine to see the Monarch
Live blog: King Charles visits the Isle of Man
Updates from the Lord of Mann's first visit to the Island since ascending to the throne
King speaks of Island's 'enduring partnership' with the crown
King Charles III spoke in Tynwald this lunchtime
