Menu
14/06/2005
Inflation remains steady at 1.9%
Consumer price inflation in the UK remained at 1.9% in May, the latest figures from the Office of National Statistics (ONS) have shown.
The ONS said that a fall in petrol prices helped to offset price rises in food and air fares.
The ONS reported that food prices overall rose by more than a year ago, with the main contributions coming from meat, especially poultry and fruit, in particular, strawberries.
However, falling transport costs offset the rise in food prices. Petrol and diesel prices eased in May, compared to last year when they rose significantly, reflecting increased crude oil prices. The ONS said this “comfortably outweighed” a rise in airfares, compared to last year’s prices.
However, retail price inflation fell in May to 2.9% from 3.2% the previous month. The retail price index – which excludes mortgage interest repayments – also dropped to 2.1% from 2.3% in April.
The ONS said that this reflected a large downward contribution from housing costs. House prices, which are used to calculate depreciation costs – the amount that homeowners spend to maintain their property – were unchanged this year, but increased a year ago.
(KMcA/MB)
The ONS said that a fall in petrol prices helped to offset price rises in food and air fares.
The ONS reported that food prices overall rose by more than a year ago, with the main contributions coming from meat, especially poultry and fruit, in particular, strawberries.
However, falling transport costs offset the rise in food prices. Petrol and diesel prices eased in May, compared to last year when they rose significantly, reflecting increased crude oil prices. The ONS said this “comfortably outweighed” a rise in airfares, compared to last year’s prices.
However, retail price inflation fell in May to 2.9% from 3.2% the previous month. The retail price index – which excludes mortgage interest repayments – also dropped to 2.1% from 2.3% in April.
The ONS said that this reflected a large downward contribution from housing costs. House prices, which are used to calculate depreciation costs – the amount that homeowners spend to maintain their property – were unchanged this year, but increased a year ago.
(KMcA/MB)
Related UK National News Stories
Click here for the latest headlines.
05 August 2011
E.ON Increase Prices
E.ON has today announced that it will increase its prices by 11.4% for electricity and 18.1% for gas, with dual fuel customers seeing a rise of 15.2%, effective from 13th September.
E.ON Increase Prices
E.ON has today announced that it will increase its prices by 11.4% for electricity and 18.1% for gas, with dual fuel customers seeing a rise of 15.2%, effective from 13th September.
19 April 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.
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.
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.
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.
10 August 2004
Inflation dips to 1.4%
Inflation has dipped by 0.2% to 1.4% on the back of seasonal price reductions and summer sales in furniture last month, the Office of National Statistics (ONS) has said. The Consumer Price Index (CPI) now stands at 0.6% below the Bank of England's 2% target.
Inflation dips to 1.4%
Inflation has dipped by 0.2% to 1.4% on the back of seasonal price reductions and summer sales in furniture last month, the Office of National Statistics (ONS) has said. The Consumer Price Index (CPI) now stands at 0.6% below the Bank of England's 2% target.
-
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.
