Island is winning war on inflation

For the 12 months to the end of September, the index known as the RPI(X) rose by 1.4%, the lowest level seen since that monitoring of that statistic began in 1997.

And the main RPI, including housing costs, increased by 1.2% in the same period, the lowest rise in prices since the recession started biting in 2009.

The numbers have been described as ‘encouraging’ and ‘good news’ by Economic Development Minister Alan Maclean.

See Saturday’s JEP for the full report