Inflation falls during September – 3FM

Tuesday, October 6th, 2020 6:11am

By Rob Pritchard @rpritchard9

Inflation has decreased slightly on Island.

According to the latest figures – it stood at 1.3 per cent last month, in comparison to 1.4 percent in August. 

Transport was the biggest contributor – causing a -1.5 per cent decrease in the overall rate compared to same time last year, with air travel decreasing by -21.5%.

Clothing and footwear was the second biggest contributor to the rate of inflation, causing a -0.9% decrease in the overall rate. 

Meanwhile housing, water, electricity, gas and other fuels were the third biggest contributor to the decrease in inflation, causing a decrease of -0.3%. 

Source: three.fm

Leave a Reply

Your email address will not be published. Required fields are marked *