The minister for economic development is concerned about the impact of high inflation on economic growth in the Isle of Man.
The current annual rate is 5.5 per cent, the highest it's been for some time, and Allan Bell says it's likely to stay around that level.
He says there is little the Island can do to reduce the figure and it could be damaging (play audio file):
Mr Bell is also concerned that if inflation remains high for a long period interest rates will go up, which would impact on mortgages.
And he is again warning the Island about the dangers of complacency.
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