THE island’s annual rate of inflation has dropped.
Measured by the Retail Prices Index, December’s rate stood at 2.5 per cent, compared with 2.9 per cent for November.
Excluding housing costs, RPI inflation stood at 2 per cent, from 2.3 per cent in November.
The rate of inflation measured by the Consumer Prices Index stood at 1.4 per cent for December, a drop from 1.8 per cent the previous month.
The most recent UK RPI rate, in November, was 3 per cent