On Air Sundown Judith Ley | 9:00pm - 1:00am

Falling fuel prices drive inflation down to 0.1 per cent

CPI figure for May revealed

Fuel prices falling by more than a third have driven inflation on the Island down to 0.1 per cent in May.

It's a decrease in the consumer prices index of 0.7 per cent from April.

The cost of oil has fallen by 34.9 per cent, with the decreasing price of clothing contributing to 0.6 per cent of the latest drop in inflation.  

For the full government inflation report for May, click here

More from Isle of Man News