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Treasury monitoring impact of rising inflation

Inflation rate of 6% recorded in December

The impact rising inflation on the Isle of Man is having on those who rely on government support is being monitored.

The rate of inflation rose to 6% in December, indicating a rise in the cost of living on the Island.

The increase has been largely attributed to the recent 27.5% gas price hike.

Treasury Minister David Ashford was asked whether this is likely to lead to an increase in demand for financial help:

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