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14/10/2003
Rate of inflation falls to 2.8%
The rate of inflation has dipped to 2.8% by September – in line with government expectations – according to the Office of National Statistics.
The largest downward effect on the inflation rate, which was down from 2.9% in August, came from clothing and footwear, particularly women's wear, where price rises associated with the introduction of the new season's stock were less than last year.
Another downward influence came from a specific index for airfares, and the associated seasonal decrease in fares, being included for the first time this year. A small downward effect came from leisure services, with the cost of foreign holidays falling in contrast with rises a year ago. Other downward effects came from changes in the prices of domestic heating oil, fees and subscriptions, and tobacco.
The main upward influence came from seasonal food, particularly fresh vegetables, where prices rose by more than a year ago following adverse hot and dry growing conditions. In addition, non-seasonal food contributed a small upward effect.
According to the internationally comparable measure of inflation – the HICP – the UK inflation rate has been among the lowest in the EU since the start of 2000. In September the 12-month change in the UK HICP was 1.4%, unchanged from August. The EU 15 average inflation rate for August, the latest available, was 2% up from 1.8% in the previous month.
(gmcg)
The largest downward effect on the inflation rate, which was down from 2.9% in August, came from clothing and footwear, particularly women's wear, where price rises associated with the introduction of the new season's stock were less than last year.
Another downward influence came from a specific index for airfares, and the associated seasonal decrease in fares, being included for the first time this year. A small downward effect came from leisure services, with the cost of foreign holidays falling in contrast with rises a year ago. Other downward effects came from changes in the prices of domestic heating oil, fees and subscriptions, and tobacco.
The main upward influence came from seasonal food, particularly fresh vegetables, where prices rose by more than a year ago following adverse hot and dry growing conditions. In addition, non-seasonal food contributed a small upward effect.
According to the internationally comparable measure of inflation – the HICP – the UK inflation rate has been among the lowest in the EU since the start of 2000. In September the 12-month change in the UK HICP was 1.4%, unchanged from August. The EU 15 average inflation rate for August, the latest available, was 2% up from 1.8% in the previous month.
(gmcg)
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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.
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.
05 April 2007
Interest rates kept on hold
The Bank of England has voted to keep interest rates at 5.25% for the second month in a row. The decision is good news for borrowers, as there had been fears that interest rates would be increased to 5.5% this month. If this had happened, homeowners with an average £100,000 mortgage would have faced a rise of £16 per month on their repayments.
Interest rates kept on hold
The Bank of England has voted to keep interest rates at 5.25% for the second month in a row. The decision is good news for borrowers, as there had been fears that interest rates would be increased to 5.5% this month. If this had happened, homeowners with an average £100,000 mortgage would have faced a rise of £16 per month on their repayments.
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.
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Northern Ireland WeatherToday:Staying cold. Any freezing fog that has formed overnight will slowly thin and disperse during the morning. Otherwise dry and bright much of the day with perhaps the odd coastal shower in the north and east. Maximum temperature 4 °C.Tonight:Dry at first with cloud thickening from the south through the evening. The odd shower, wintry over high ground, over northern counties, becoming more persistent rain over Down and Antrim. Minimum temperature 0 °C.
