Isle Of Man / Ellan Vannin

Isle of Man travel costs spiral

Travel costs for Isle of Man residents have spiralled over the last year, according to an official report.

Treasury figures show an overall fare increase of 8.2% since April 2011.

Although no changes have been recorded for bus and coach travel, the statistics show a 4.7% rise in ferry costs and a 18% rise in air fares.

The figures have been published as part of April's inflation report which shows overall island inflation to have fallen by 0.5% since March.

Treasury minister Eddie Teare said: "There are still key categories of expenditure that continue to see price increases.

"Food prices have not been one of these this month, while other important prices, such as for clothing, have actually come down - an indication perhaps of increasing competition amongst retailers in a tight market."

Other areas which have seen significant price increases in the Isle of Man include housing (4.1%), tobacco (7.6%) and alcohol (5.1%).

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