CPI stands at 1.6%, RPI at 4.7%
The drop in the rate of inflation in July is 'good news' according the Policy and Reform Minister.
CPI deceased by 1% in July, down from 2.6%, and RPI dropped by just about the same amount.
Chris Thomas admits factors like the exchange rate and oil prices are beyond the control of the Manx government.
But he insists there are steps that can be taken to mitigate for the figure:
Almost two tonnes of meat disposed of at Meat Plant this month
DEFA minister admits it's 'disappointing'
Date for first sailing to new Liverpool terminal still unknown
Treasury Minister confirms work still needs to be carried out
Charity's advice after 'near-fatal' Heroin overdoses
Warning issued after incidents on Monday night
Financial discipline of 'utmost importance' says Cannan
Treasury expected to start publishing quarterly accounts
Newson's owners 'giving up' and selling the building
It's after a five year fight with planners over the development of the site
Residents in Bride told to take their household waste to Andreas
The local authority pulled out of paying for residents to use the Northern Civic Amenity Site
