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Transport behind further inflation increase

Consumer Prices Index rises to 3.7%

Inflation on the Isle of Man increased further in June.

The Consumer Prices Index now stands at 3.7%, up from 3.5% in May.

According to figures published by the Isle of Man Government, transport is the biggest factor behind the increase, with the price of air travel up more than 30% compared to the same time last year.

Coach fares and other travel costs are also significantly higher than in June 2020, along oils and other fuels, which has jumped up by 47.2%.

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