The annual rate of inflation as measured by the Retail Prices Index (RPI) showed an increase in January to 3.1%, up from the figure of 2.9% in December 2013.
Excluding housing costs, the annual rate of inflation shown by the RPI also increased, from 2.7% in December to 3.1% in January 2014.
The annual rate of inflation shown by the Consumer Prices Index (CPI) increased by 0.5% to 2.0% in January 2014.
For more information on Inflation indices please visit https://www.gov.im/categories/tax,-vat-and-your-money/inflation/
where a guide has been published to explain the different methods.
