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Inflation at 6.4%

The cost of living on Island continues to rise.

That's according to the latest figures from the Manx government.

Our rate of inflation reached 6.4% in January - up from 6.0% in December 2021.

The main drivers are housing, rising fuel costs and air travel - which has gone up nearly 80%.

The rate of inflation in the UK currently stands at 5.5% - a 30-year high.

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