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24/03/2015
UK Inflation At Lowest Level Since Records Began
The UK inflation rate has fallen to its lowest level since records began.
New figures from the Office for National Statistics show that in the level of the Consumer Prices Index (CPI) inflation fell to 0% in February, for the first time since official records began in 1988.
The Consumer Prices Index, measures changes in the prices of the goods and services bought by households. The ONS figures show that it remains unchanged in the year to February 2015.
This means that a basket of goods and services that cost £100.00 in February 2014 would have still cost £100.00 in February 2015. While some prices – such as for motor fuels and food – are lower than they were a year ago, others – such as for clothing and rents – are higher.
The full ONS report can be read here.
(MH/IT)
New figures from the Office for National Statistics show that in the level of the Consumer Prices Index (CPI) inflation fell to 0% in February, for the first time since official records began in 1988.
The Consumer Prices Index, measures changes in the prices of the goods and services bought by households. The ONS figures show that it remains unchanged in the year to February 2015.
This means that a basket of goods and services that cost £100.00 in February 2014 would have still cost £100.00 in February 2015. While some prices – such as for motor fuels and food – are lower than they were a year ago, others – such as for clothing and rents – are higher.
The full ONS report can be read here.
(MH/IT)
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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.
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