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18/05/2010
UK Inflation Soars To 17-Month High
UK inflation reached a 17 month high in April, according to official figures.
The Consumer Prices Index (CPI) rose by 3.7%, up from 3.4% in
March.
The all items retail prices index (RPI) also rose by 5.3%. The RPI annual inflation rate is now at its highest level since July 1991 (when it stood at 5.5%).
The largest upward contribution to the change in the CPI annual rate between March and April came from clothing and footwear where prices, overall, rose by more than a year ago. By far the largest upward effect came from garments and, in particular, women's clothing.
Food and non-alcoholic beverages where prices, overall, rose between March and April this year but fell a year ago, mainly due to the food component. Within food the upward effects were widespread rather than from one particular item; meat, fish, fruit, vegetables, sugar, jam, syrups, chocolate and confectionery.
Higher duty on alcohol and cigarettes introduced in April's Budget added to inflation.
Howard Archer, chief economist at IHS Global Insight, said: "April's consumer price inflation rate of 3.7% should mark the peak.
"Inflation is expected to start heading down in the near term as temporary upward pressures start to unwind."
(GK/BMcC)
The Consumer Prices Index (CPI) rose by 3.7%, up from 3.4% in
March.
The all items retail prices index (RPI) also rose by 5.3%. The RPI annual inflation rate is now at its highest level since July 1991 (when it stood at 5.5%).
The largest upward contribution to the change in the CPI annual rate between March and April came from clothing and footwear where prices, overall, rose by more than a year ago. By far the largest upward effect came from garments and, in particular, women's clothing.
Food and non-alcoholic beverages where prices, overall, rose between March and April this year but fell a year ago, mainly due to the food component. Within food the upward effects were widespread rather than from one particular item; meat, fish, fruit, vegetables, sugar, jam, syrups, chocolate and confectionery.
Higher duty on alcohol and cigarettes introduced in April's Budget added to inflation.
Howard Archer, chief economist at IHS Global Insight, said: "April's consumer price inflation rate of 3.7% should mark the peak.
"Inflation is expected to start heading down in the near term as temporary upward pressures start to unwind."
(GK/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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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.
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.
18 May 2004
Petrol prices fuel inflation rise
Recent oil market pressures and rises on the prices of furnishings have lead to a 0.1% rise in the past month to 1.2%, according to the Office of National Statistics (ONS). The Consumer Prices Index (CPI) - the government's target measure of inflation - rose from 1.1% in March after the price of petrol and domestic heating oil upped this April.
Petrol prices fuel inflation rise
Recent oil market pressures and rises on the prices of furnishings have lead to a 0.1% rise in the past month to 1.2%, according to the Office of National Statistics (ONS). The Consumer Prices Index (CPI) - the government's target measure of inflation - rose from 1.1% in March after the price of petrol and domestic heating oil upped this April.
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.
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