The annual rate of inflation measured by the Consumer Prices Index (CPI) has fallen for the third consecutive month to 0.8% for October 2014, down from 1.0% in September.

The annual rate of inflation as measured by the Retail Prices Index (RPI) also fell in October to 2.3%, down from 2.6% in September 2014.

Excluding housing costs, the annual rate of inflation shown by the RPI decreased to 2.6% for October 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.