The annual rate of inflation as measured by the Retail Prices Index (RPI) has increased slightly to 2.8% in June 2014 from 2.7% in May 2014.
Excluding housing costs, the annual rate of inflation shown by the RPI has decreased in June and is now 2.4%, down from May’s figure of 2.8%.
The annual rate of inflation shown by the Consumer Prices Index (CPI) increased to 1.8% for June up from 1.6% in May 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.
