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CPI drops into deflation in May

Prices dropped on Island according to latest figures

Prices dropped in the Isle of Man last month, according to the latest government inflation figures.

It fell to -1%, as measured by the Consumer Prices Index in May, down from 0.1% the previous month.

As measured by the Retail Prices Index inflation remains in positive territory, but did also fall last month, from 2.9% to 2.1%.

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