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19/04/2005
ONS reports inflation rate rise
The rate of inflation in the UK rose to 1.9% last month, a jump from 1.6% in February, the Office of National Statistics (ONS) has reported.
The ONS said that the rate had risen because of stronger price increases for transport, food, furniture and clothing.
Transport prices had the most effect on the inflation rate, with an increase in air fares last month, compared to a fall last year. However, the ONS said that the price collection period this year included the early Easter holidays.
Food also had an effect, mainly due to price increases in milk and vegetables, where supply shortages were reported for some fresh produce.
The ONS also reported stronger seasonal price recoveries this year on furniture and clothing, following the traditional January sale period, which also lead to upward pressure on the inflation rate.
Offsetting the rise was a drop in wine prices, due to sales, as well as weaker price increases in beer sold in licensed premises.
The ONS reported that the Retail Price Index (RPI) inflation, which takes mortgage interest repayments into account, was influenced by similar factors. However, a large downward effect from those housing costs that are excluded from the Consumer Price Index (CPI), left the RPI annual rate of inflation unchanged last month at 3.2%. The ONS attributed this to mortgage interest repayments, which rose by much less than a year ago, when lenders passed on the February 2004 increase in basic rates.
(KMcA/GB)
The ONS said that the rate had risen because of stronger price increases for transport, food, furniture and clothing.
Transport prices had the most effect on the inflation rate, with an increase in air fares last month, compared to a fall last year. However, the ONS said that the price collection period this year included the early Easter holidays.
Food also had an effect, mainly due to price increases in milk and vegetables, where supply shortages were reported for some fresh produce.
The ONS also reported stronger seasonal price recoveries this year on furniture and clothing, following the traditional January sale period, which also lead to upward pressure on the inflation rate.
Offsetting the rise was a drop in wine prices, due to sales, as well as weaker price increases in beer sold in licensed premises.
The ONS reported that the Retail Price Index (RPI) inflation, which takes mortgage interest repayments into account, was influenced by similar factors. However, a large downward effect from those housing costs that are excluded from the Consumer Price Index (CPI), left the RPI annual rate of inflation unchanged last month at 3.2%. The ONS attributed this to mortgage interest repayments, which rose by much less than a year ago, when lenders passed on the February 2004 increase in basic rates.
(KMcA/GB)
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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 2007
Cooling house prices after interest rate hikes
The latest figures on house price rises show that the market has cooled following the November interest rate rise.
Cooling house prices after interest rate hikes
The latest figures on house price rises show that the market has cooled following the November interest rate rise.
01 September 2005
Fall in house prices reported
House prices fell by 0.2% in August, according to the latest figures from the Nationwide. The building society said that the rate of annual house price growth had fallen to 2.3%; it’s lowest level in nine years.
Fall in house prices reported
House prices fell by 0.2% in August, according to the latest figures from the Nationwide. The building society said that the rate of annual house price growth had fallen to 2.3%; it’s lowest level in nine years.
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