Inflation is down to 8.1%

Inflation on Island stood at 8.1% last month.

That's according to the latest Consumer Prices Index report - published yesterday.

Although it's down from 9% in April - government says given the economic lookout, it's likely the decrease represents only a temporary lull in rising inflation rather than signaling the beginning of a downward trend.

Transport continues to be the largest contributor, alongside gas, water, electricity and housing.

You can see the full report here.