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:
Rare red weather warning issued
Extreme conditions likely to hit the Island this evening
"We do have a housing crisis on the Isle of Man" says expert
Average house price currently eight times more than the average annual earnings
Bill banning sale of nicotine pouches to under 18s due to get Royal Assent in November
It comes after schools warn of increase in students using them
Government funds 'not being allocated properly'
Daniel Davison says there aren't proper safeguards against overspending
