As inflation in the Island falls for a fifth consecutive month, the treasury minister says he expects the downward trend to continue throughout 2012.
January's figure, as measured by the Retail Prices Index, stood at 4%, down from 4.7% the previous month.
It's at the lowest level since December 2009.
Eddie Teare explains why he thinks it will carry on dropping:
Government plans to withdraw interest from reserve fund no longer required
Higher than expected income tax receipts mean it's not necessary
Peel Commissioners not adding 'discretionary' one percent increase to social housing rents
It reviewed rent arrear levels and 'escalating' food costs when making the decision
New organ donation laws set to come into force in coming weeks
It follows Tynwald approval of new measures earlier this year
CoMin 'recognises and is mindful' of minimum wage concerns
Chief minister discusses businesses' reaction to upcoming rise
