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22/05/2012
UK Inflation Down To 3%
The UK inflation rate fell last month to its lowest in years, but the Bank of England warned that eurozone troubles would keep prices rising.
The Consumer Prices Index (CPI) rate fell 5% to 3% in March, according to the Office for National Statistics (ONS).
But the Bank of England recently said CPI inflation would stay above the 2% target "for the next year or so" and governor Sir Mervyn King said the "storm" in the eurozone was a threat to UK recovery.
The CPI figure has not been at 3% since February 2010 and it peaked at 5.2% in September last year.
The ONS said that slower price rises than usual in the transport, clothing and off-license sectors had led to the slight drop.
Chancellor George Osborne said: "This is a welcome relief to families with tight budgets."
But TUC general secretary Brendan Barber argued that pay was still lagging behind.
He said: "With earnings growing by just 0.6%, people are still getting poorer every month. We need falling inflation to be matched with far better pay rises to get people's incomes growing again. This will only happen when our economy is moving in the right direction."
There were some price increases between March and April in restaurants and hotels, as well as for those renting a home, the ONS said.
And low inflation rates on accounts still leave most people unable to earn a real rate of return on their cash.
(NE)
The Consumer Prices Index (CPI) rate fell 5% to 3% in March, according to the Office for National Statistics (ONS).
But the Bank of England recently said CPI inflation would stay above the 2% target "for the next year or so" and governor Sir Mervyn King said the "storm" in the eurozone was a threat to UK recovery.
The CPI figure has not been at 3% since February 2010 and it peaked at 5.2% in September last year.
The ONS said that slower price rises than usual in the transport, clothing and off-license sectors had led to the slight drop.
Chancellor George Osborne said: "This is a welcome relief to families with tight budgets."
But TUC general secretary Brendan Barber argued that pay was still lagging behind.
He said: "With earnings growing by just 0.6%, people are still getting poorer every month. We need falling inflation to be matched with far better pay rises to get people's incomes growing again. This will only happen when our economy is moving in the right direction."
There were some price increases between March and April in restaurants and hotels, as well as for those renting a home, the ONS said.
And low inflation rates on accounts still leave most people unable to earn a real rate of return on their cash.
(NE)
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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.
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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
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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.
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UK Inflation Rate Falls To 3.6% In January
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UK Inflation Rate Falls To 3.6% In January
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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.
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Northern Ireland WeatherToday:There will be a mix of sunny spells and a few, mainly light, showers during the morning, mostly in the west. Cloudier with scattered showers into the afternoon. Maximum temperature 11 °C.Tonight:Scattered showers and clear spells continue through this evening, becoming dry with clear skies for a time overnight. Clouding over by morning. Minimum temperature 2 °C.
