On Air After Hours Dave Moore | 10:00pm - Midnight

Treasury minister thinks inflation will continue to fall

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:

Clip 1

More from Isle of Man News