Menu
13/07/2004
Leisure products price rises boost inflation by 0.1%
UK inflation rose by 0.1% to 1.6% in June buoyed largely by prices on recreation and culture products, according to the Office of National Statistics (ONS).
Upward trend of the Consumer Prices Index (CPI) - the government's target measure of inflation – largely reflected a rise in prices of products, including toys, computer games and, to a lesser extent, pre-recorded DVDs, televisions and personal computers.
There was also an "upward effect" from advance booked foreign holidays where the cost of June holidays increased to a range of destinations this year but fell a year ago, the ONS said. Upward effects also came from furniture and carpets, where there were fewer special offers and more widespread price recoveries than a year ago, and from transport, where petrol prices fell back slightly after recent rises, but by less than last year.
A small downward effect on CPI inflation came from second hand car prices which fell this year but were unchanged a year ago. Further downward effects came from reduced charges for foreign exchange, and from price changes for fruit, especially strawberries, and meat.
Retail Price Index (RPI) inflation also increased, to 3% in June from 2.8% per cent in May. This was mainly due to mortgage interest payments (not included in the CPI) which rose this year, as lenders passed on May's quarter point increase in the base rate to borrowers.
As an internationally comparable measure of inflation, the CPI shows that the UK inflation rate has been among the lowest in the EU since the start of 2000. The average inflation rate for the enlarged EU 25 for May, the latest available, was 2.3% compared with 1.5%.
Both the CPI and the RPI are compiled each month based on a selection of more than 650 separate goods and services for which price movements are measured in around 150 areas throughout the UK. Around 120,000 separate price quotations are used each month to compile the indices.
The government's target for the inflation rate is 2% - based on the CPI measure.
(gmcg)
Upward trend of the Consumer Prices Index (CPI) - the government's target measure of inflation – largely reflected a rise in prices of products, including toys, computer games and, to a lesser extent, pre-recorded DVDs, televisions and personal computers.
There was also an "upward effect" from advance booked foreign holidays where the cost of June holidays increased to a range of destinations this year but fell a year ago, the ONS said. Upward effects also came from furniture and carpets, where there were fewer special offers and more widespread price recoveries than a year ago, and from transport, where petrol prices fell back slightly after recent rises, but by less than last year.
A small downward effect on CPI inflation came from second hand car prices which fell this year but were unchanged a year ago. Further downward effects came from reduced charges for foreign exchange, and from price changes for fruit, especially strawberries, and meat.
Retail Price Index (RPI) inflation also increased, to 3% in June from 2.8% per cent in May. This was mainly due to mortgage interest payments (not included in the CPI) which rose this year, as lenders passed on May's quarter point increase in the base rate to borrowers.
As an internationally comparable measure of inflation, the CPI shows that the UK inflation rate has been among the lowest in the EU since the start of 2000. The average inflation rate for the enlarged EU 25 for May, the latest available, was 2.3% compared with 1.5%.
Both the CPI and the RPI are compiled each month based on a selection of more than 650 separate goods and services for which price movements are measured in around 150 areas throughout the UK. Around 120,000 separate price quotations are used each month to compile the indices.
The government's target for the inflation rate is 2% - based on the CPI measure.
(gmcg)
Related UK National News Stories
Click here for the latest headlines.
13 August 2007
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
12 September 2005
House price rise slowdown continues
Annual house price inflation in July was 4%, down from 5% in June according to figures released today by the Deputy Prime Minister's office. This drop in the growth of house prices pushed the annual house price inflation in London down to 0.9% in July 2005, a fall from the from 1.7% figure in June 2005.
House price rise slowdown continues
Annual house price inflation in July was 4%, down from 5% in June according to figures released today by the Deputy Prime Minister's office. This drop in the growth of house prices pushed the annual house price inflation in London down to 0.9% in July 2005, a fall from the from 1.7% figure in June 2005.
13 June 2005
House price inflation declines
Annual house price inflation dropped to 6.9% in April, a sharp fall from 12.6% in March, according to the latest figures from the Office of the Deputy Prime Minister (ODPM). The ODPM also reported a fall in mix-adjusted prices of 0.8% between March and April, which contrasted sharply with the 4.5% rise during the same period in 2004.
House price inflation declines
Annual house price inflation dropped to 6.9% in April, a sharp fall from 12.6% in March, according to the latest figures from the Office of the Deputy Prime Minister (ODPM). The ODPM also reported a fall in mix-adjusted prices of 0.8% between March and April, which contrasted sharply with the 4.5% rise during the same period in 2004.
16 January 2006
House price inflation rises slightly
House price inflation has risen by 0.8% from 1.8% in October to 2.5% in November, the latest figures produced by the Office of the Deputy Prime Minister (ODPM) have revealed. The rise in UK prices between October and November was attributed to rises in average prices for all types of houses.
House price inflation rises slightly
House price inflation has risen by 0.8% from 1.8% in October to 2.5% in November, the latest figures produced by the Office of the Deputy Prime Minister (ODPM) have revealed. The rise in UK prices between October and November was attributed to rises in average prices for all types of houses.
12 December 2005
House price inflation drops
Annual house price inflation dropped again in October, according to the latest figures from the Office of the Deputy Prime Minister. House price inflation was 2.2% in October, a fall from September’s figure of 3.3%. The ODPM reported that the average house price in the UK was £186,103 in October, compared with £186,755 in September.
House price inflation drops
Annual house price inflation dropped again in October, according to the latest figures from the Office of the Deputy Prime Minister. House price inflation was 2.2% in October, a fall from September’s figure of 3.3%. The ODPM reported that the average house price in the UK was £186,103 in October, compared with £186,755 in September.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
