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The cost of IoM living on the rise

Image: Sky News

Inflation rose to 4.6% on the island last month - up from 4.4% in October.

It's still below September's 5.0% figure, which was a five-year-high.

Transport remains the largest single contributor to inflation, showing a 1.8% increase in the overall 12 month rate. 

It's followed by housing, water, electricity, has and other fuels which caused a 1% increase.

In the UK, inflation has surged to a ten-year high of 4.2%.

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