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15/12/2009
Petrol Price Pump Up Inflation
Growth in the UK inflation rate last month has been attributed to increased petrol prices.
Official figures show the consumer prices index (CPI) rose faster than predicted to an annual rate of 1.9%, compared with 1.5% in October.
November had the highest recorded figure since May.
Inflation is expected to rise next year as VAT charges return to 17.5%.
The retail prices index (RPI), which includes housing costs, rose to 0.3% from a rate of -0.8% in October.
RPI is now in positive figures for the first time this year.
A report from the Office for National Statistics (ONS) said: "By far the largest upward pressure affecting the change in the CPI annual rate came from transport."
It continued: "Within the transport category the largest upward effect came from fuels and lubricants.
"The large fall in 2008 was due to sharp falls in petrol and diesel prices, reflecting the falling price of crude oil in the latter half of 2008."
Average petrol prices increased by 2.9p to 108.3p a litre in last month.
This is compared to a record fall of 9.3p in November 2008.
(PR/BMcC)
Official figures show the consumer prices index (CPI) rose faster than predicted to an annual rate of 1.9%, compared with 1.5% in October.
November had the highest recorded figure since May.
Inflation is expected to rise next year as VAT charges return to 17.5%.
The retail prices index (RPI), which includes housing costs, rose to 0.3% from a rate of -0.8% in October.
RPI is now in positive figures for the first time this year.
A report from the Office for National Statistics (ONS) said: "By far the largest upward pressure affecting the change in the CPI annual rate came from transport."
It continued: "Within the transport category the largest upward effect came from fuels and lubricants.
"The large fall in 2008 was due to sharp falls in petrol and diesel prices, reflecting the falling price of crude oil in the latter half of 2008."
Average petrol prices increased by 2.9p to 108.3p a litre in last month.
This is compared to a record fall of 9.3p in November 2008.
(PR/BMcC)
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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.
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The UK housing market made a strong start this year, with prices rising by 1.4% - the biggest monthly increase in 18 months - the Nationwide reported. The increase took the annual rate of price growth to 4.4% and put the average price of a UK home at £158,478.
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30 January 2008
Price Fall Underlines Downward House Price Trend
It's official: House prices in England and Wales dropped by 0.4% in December, taking the average price down to £184,469. According to the latest figures from Land Registry, this is the first fall for England and Wales since August 2005 - although three regions have actually bucked the downward trend.
Price Fall Underlines Downward House Price Trend
It's official: House prices in England and Wales dropped by 0.4% in December, taking the average price down to £184,469. According to the latest figures from Land Registry, this is the first fall for England and Wales since August 2005 - although three regions have actually bucked the downward trend.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
