Inflation drops during March

Inflation on Island dropped last month.

According to the latest government report, the rate for March stood at 1.8 per cent, a 0.8 per cent decrease from the previous month.

Transport was the most significant contributor to inflation, with air fares off Island and further afield rising as well as an increase in the cost of driving lessons.

However, prices have gone down for clothing and footwear, water, electricity, gas and other fuels.