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Inflation policy plans 'imminent', says CM

Disquiet over RPI use

Plans to adopt a single, standard policy to measure inflation are in the pipeline, according to the chief minister.

Concerns have been raised after Manx Utilities revealed a 6.4% hike in the Island's water rate based on the retail prices index (RPI).

That's despite the consumer prices index (CPI) being the benchmark for government's monthly inflation rate - which is currently 1.9%.

Howard Quayle says the cost of living on the Island continues to be affected by external influences such as Brexit.

But he insists his top team is working towards a solution: 

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