Menu
20/03/2012
UK Inflation Falls To Lowest Since 2010
UK inflation has continued to fall into February thanks largely to lower gas and electricity prices.
Februarys Consumer Price Index (CPI) inflation fell to 3.4%, a .2% drop since January. Retail Price Index (RPI) inflation, including mortgage interest payments, also fell to 3.7% from 3.9%.
Inflation has been falling steadily since September last year and the CPI rate is at its lowest since November 2010.
Retailer discounts have helped the rate to drop, although higher alcohol prices stopped it dropping further.
“The Bank of England is hoping that it's going to fall to 2% by the end of the year," said Chris Williamson, chief economist at Markit.
"The fact it's been a little bit sticker than we hoped this month really casts further doubt on the Bank's projection.
"So this might be another case of the Bank being a little bit too optimistic of where inflation's going to go."
Others were less concerned.
"We thought the risks were that it would be a bit above the consensus, but in the scheme of things it's pretty much in line," said Ross Walker, RBS economist.
(H)
Februarys Consumer Price Index (CPI) inflation fell to 3.4%, a .2% drop since January. Retail Price Index (RPI) inflation, including mortgage interest payments, also fell to 3.7% from 3.9%.
Inflation has been falling steadily since September last year and the CPI rate is at its lowest since November 2010.
Retailer discounts have helped the rate to drop, although higher alcohol prices stopped it dropping further.
“The Bank of England is hoping that it's going to fall to 2% by the end of the year," said Chris Williamson, chief economist at Markit.
"The fact it's been a little bit sticker than we hoped this month really casts further doubt on the Bank's projection.
"So this might be another case of the Bank being a little bit too optimistic of where inflation's going to go."
Others were less concerned.
"We thought the risks were that it would be a bit above the consensus, but in the scheme of things it's pretty much in line," said Ross Walker, RBS economist.
(H)
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 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.
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.
12 April 2005
UK house prices fall, report shows
UK house prices fell by 0.5% between January and February, figures from the Office of the Deputy Prime Minister (ODPM) have shown. The drop in prices, which saw the average house price in the UK in February fall to £179,491 from £180,465 in January, is smaller than the 1% fall reported in the same period last year.
UK house prices fall, report shows
UK house prices fell by 0.5% between January and February, figures from the Office of the Deputy Prime Minister (ODPM) have shown. The drop in prices, which saw the average house price in the UK in February fall to £179,491 from £180,465 in January, is smaller than the 1% fall reported in the same period last year.
14 February 2005
Drop in house prices reported over Christmas period
The latest government figures have shown that overall UK house prices fell in December last year by 0.7%, compared to a 2% rise in the same period last year. Figures published by the Office of the Deputy Prime Minister, showed that UK annual house price inflation in December 2004 was 10.7%, a drop from 13.7% in November.
Drop in house prices reported over Christmas period
The latest government figures have shown that overall UK house prices fell in December last year by 0.7%, compared to a 2% rise in the same period last year. Figures published by the Office of the Deputy Prime Minister, showed that UK annual house price inflation in December 2004 was 10.7%, a drop from 13.7% in November.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
