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Inflation: At what point is the cost of living crisis over?

Latest government figures show prices are rising at their slowest rate in three years

With inflation on a downward trend and the latest figures showing a three-year low, Treasury hopes consumers and businesses will have more confidence in the market.

The Isle of Man's CPI reached 2.2 percent in April, the last time it was below that figure was in April 2021.

Treasury maintains the Island Plan's target of reaching an almost double GDP in less than a decade is still possible.

Minister Alex Allinson was asked if that goal relies too heavily on meeting population growth targets:

 

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