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Inflation rate unchanged in May

Picture Credit: Manx Radio

Consumer Prices Index remains at 4.9%

The Isle of Man's inflation rate remains at 4.9 percent.

The latest figures from the Isle of Man Government show the Consumer Prices Index was unchanged last month compared to April.

Housing and fuel costs saw the largest increases compared to 12 months ago, with oil and other fuels rising by 77.4 percent over the last year.

Transport also saw big price rises, mainly due to rising petrol costs.

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