May figure drops 1.8% on previous month
Inflation fell by almost half to 2.2% last month.
It's the lowest rate of increase since March 2017.
As measured by the Consumer Price Index (CPI) for the 12 months leading up to May, it represents a 1.8% slowdown in inflation on the previous month.
That brings the Isle of Man much closer to the UK rate of 2.3% in May.
Following a substantial rise in last month's figures, air travel fell this time by 8% - while oil and home heating fuel continues to lead price increases (+18.5%).
RPI for the same period also fell to 5.4%.
No increase in domestic gas prices for rest of 2026
Law targeting sale of nicotine pouches takes step further
Procurement process for Kirk Onchan Post Office continuing
Bus station will not be moved to the Sea Terminal
