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CPI shows deflation in June

Index falls to -0.3%

The Island recorded a negative inflation rate last month, with the consumer prices index falling to -0.3%.

The deflation comes following a 0.1% rate in May.

Figures released by the Isle of Man Government attribute the fall to a drop of more than a third in the cost of oils and other fuels, as well as reductions to travel costs and petrol prices.

It's the first time deflation has been recorded since 2016.

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