Isle Of Man / Ellan Vannin

Lowest Isle of Man inflation since 2009

The lowest inflation rate since December 2009 has been recorded in the Isle of Man, according to the latest Treasury figures.

The report shows January inflation, as measured by the Retail Prices Index, to have fallen by 0.7% to 4%

The December 2011 figure showed an easing down to 4.7% from 5% in November and a peak of 6.8% in August.

During the course of 2011, tobacco and cigarettes rose in price by 10.5% and fuel and electricity by 10.1%.

Treasury Minister Eddie Teare said: "At a time when salary awards are being kept to a minimum for many, falling inflation helps maintain real disposable incomes, with resulting benefits in particular to retailers, who are at the sharp end in times of economic slowdown'."

Unemployment increased in the run up to Christmas 2011.

At the end of December, the total number of people out of work was 979 - 713 men and 266 women - which is a rate of 2.2%.

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