Chief Minister Allan Bell says a stable, low rate of inflation will be good news for people feeling the pinch of wage freezes.
This week, the government’s figures showed the Retail Prices Index dropped from 2.6 per cent to just 2.4 in September, while the Consumer Prices Index held steady at 1.6 per cent.
Mr Bell says a stable figure means the government can make long-term financial plans without the worry prices are going to rise sharply.
And he says it’s good news for the public, too:
Clip 1
Missed opportunity in inmate's care, inquest finds
Craig Anderson was found in his cell in November 2022
Seven arrests made as part of King Gaming fraud and money laundering investigation
Officers raid business premises in Douglas
Motorists urged to avoid Cooil Road following RTC
The road has now reopened
Probation for man caught with knife at Sea Terminal
The court heard that he uses the bladed article for day-to-day 'farm work'.
Warning after tea towel tumble dryer fire
Fire crews called west on Thursday
Calls for Sarah's Law on Isle of Man
Petition launched to 'make Island safer'
