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    Inflation hits five-year high

    The Isle of Man's inflation rate has risen to the highest it's been since May 2012. 

    In March the rate of inflation, as measured by the Consumer Prices Index, stood at 2.2 per cent. 

    That's up from 1.9 per cent in February. 

    Increases have been seen in oil and other fuels, potatoes, tea and even contact lens solution. 

    Chief Minister Howard Quayle says the rise is driven by external factors and it's beyond our control: 

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