In October - the Island's Inflation rate stood at 4.4 percent.
That's down slightly from September when it hit a record high of 5 per cent.
Despite the drop, bills for gas, electricity and water have continued to rise - alongside fuels such as oil, petrol and diesel.
Air travel rose the most - an increase of nearly 50 per cent.
Hop Tu Naa Festival to kick off in Cregneash this weekend
Chief Minister says funding for new government conference initiatives will be settled later
Beauty spot path closed for safety reasons
New petition launched to stop Faroe Islands hosting Island Games
DoI applies for permission to improve homes
Busy road to become one-way for works next week
Sex offences law will be reviewed soon, says Home Affairs minister
Eighty year old's planned charity swim has already hit £5k target