THERE has been a jump in the island’s rate of inflation.
The annual rate, measured by the Retail Prices Index, increased to 3.3 per cent in March, compared with 2.8 per cent in February.
On all other measures, the cost of living rose. Excluding housing costs, the RPI rate was 2.7 per cent, upfrom 1.2 per cent. Measured on the Consumer Prices Index, it was 1.9 per cent, up from 1.4 per cent in February.
The Consumer Price Index excludes mortgage interest payments and household expenditure such as buildings insurance, which rose 11.2 per cent.
The figures have been compiled by the Treasury’s economic affairs division.
The UK’s figure for March has not yet been published.
In February, RPI inflation there was 3.2 per cent. CPI inflation, which the Westminster government usually uses, was 2.8 per cent.
Monday’s Isle of Man Examiner will include more details of the figures.