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14/09/2004
Weaker clothing prices help drive down inflation
Clothing and footwear prices have helped to drive down inflation 0.1% to 1.3% for last month, according to Office of National Statistics (ONS) figures released today.
The main downward influence on consumer price inflation (CPI), the government's preferred method of calculating inflation, came from adults' and children's clothing which experienced weaker price recoveries and more special offers than a year ago.
In addition, less replacement stock came in at higher prices this year.
A further downward influence on the inflation rate came from recreation and culture, in particular from toys, where prices rose by less than last year. A smaller downward effect came from computer games and consoles. Partially offsetting upward effects came from changes in the cost of personal computers, theatre admissions, and foreign holidays.
Other downward effects came from food, mainly due to vegetables which fell in price this August compared with a small rise last year, and from personal care products.
A small upward influence on the inflation rate came from furniture and household goods, where prices rose by more than a year ago.
However, the retail price index (RPI) inflation rate increased to 3.2% in August, up from 3% in July.
This was mainly due to mortgage interest payments (not included in the CPI) rising this year, as a result of a continued increase in the average mortgage debt, but falling a year ago following a cut in the base rate. Other factors impacting on the RPI inflation rate were broadly similar to the CPI.
Overall, the average inflation rate for the EU's 25-state community in July was provisionally 2.2%, compared with 1.4 per cent in the UK.
(gmcg/mb)
The main downward influence on consumer price inflation (CPI), the government's preferred method of calculating inflation, came from adults' and children's clothing which experienced weaker price recoveries and more special offers than a year ago.
In addition, less replacement stock came in at higher prices this year.
A further downward influence on the inflation rate came from recreation and culture, in particular from toys, where prices rose by less than last year. A smaller downward effect came from computer games and consoles. Partially offsetting upward effects came from changes in the cost of personal computers, theatre admissions, and foreign holidays.
Other downward effects came from food, mainly due to vegetables which fell in price this August compared with a small rise last year, and from personal care products.
A small upward influence on the inflation rate came from furniture and household goods, where prices rose by more than a year ago.
However, the retail price index (RPI) inflation rate increased to 3.2% in August, up from 3% in July.
This was mainly due to mortgage interest payments (not included in the CPI) rising this year, as a result of a continued increase in the average mortgage debt, but falling a year ago following a cut in the base rate. Other factors impacting on the RPI inflation rate were broadly similar to the CPI.
Overall, the average inflation rate for the EU's 25-state community in July was provisionally 2.2%, compared with 1.4 per cent in the UK.
(gmcg/mb)
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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.
17 December 2013
ONS Report Four-Year-Low For CPI Inflation Rate
The Office for National Statistics (ONS) reported that in November the UK's inflation rate, as measured by the consumer prices index, has fallen to a four year low of 2.1%. The fall, down from 2.2% in October, has been credited to slower increases in food and energy prices, the ONS has said.
ONS Report Four-Year-Low For CPI Inflation Rate
The Office for National Statistics (ONS) reported that in November the UK's inflation rate, as measured by the consumer prices index, has fallen to a four year low of 2.1%. The fall, down from 2.2% in October, has been credited to slower increases in food and energy prices, the ONS has said.
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.
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 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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