Menu
18/10/2005
Petrol prices push up UK inflation
UK inflation has risen to 2.5%, driven by the continuing rise in petrol prices, the Office of National Statistics has reported.
It is the highest rate of consumer price inflation since the index began in January 1997 and the third month in a row that inflation has risen above the government target of 2%.
However, the retail price index, which includes mortgage payments, fell in September, driven by house depreciation costs and the benefits of August’s interest rate cut.
Petrol prices had the biggest effect on CPI. The ONS said that the average price for ultra-low sulphur petrol rose by 4.6p per litre in September, compared with a rise of around 0.1p a year ago.
Another upward effect on CPI came from recreation and culture, mainly due to special offers last year on computer game consoles, which were not repeated this year and an increase in theatre admissions.
However, the increase was offset by falling prices in clothing and footwear, particularly in the women’s and children’s market.
A steep fall in airfares and a decrease in the cost of foreign holidays also affected the inflation increase.
(KMcA/GB)
It is the highest rate of consumer price inflation since the index began in January 1997 and the third month in a row that inflation has risen above the government target of 2%.
However, the retail price index, which includes mortgage payments, fell in September, driven by house depreciation costs and the benefits of August’s interest rate cut.
Petrol prices had the biggest effect on CPI. The ONS said that the average price for ultra-low sulphur petrol rose by 4.6p per litre in September, compared with a rise of around 0.1p a year ago.
Another upward effect on CPI came from recreation and culture, mainly due to special offers last year on computer game consoles, which were not repeated this year and an increase in theatre admissions.
However, the increase was offset by falling prices in clothing and footwear, particularly in the women’s and children’s market.
A steep fall in airfares and a decrease in the cost of foreign holidays also affected the inflation increase.
(KMcA/GB)
Related UK National News Stories
Click here for the latest headlines.
12 April 2005
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.
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.
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.
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.
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.
-
Northern Ireland WeatherToday:There will be a mixture of bright intervals and a few showers. Best of the sunny spells will be near the North Coast. Feeling on the cool side. Maximum temperature 10 °C.Tonight:Showers will gradually die out during the evening. A cold night with long clear spells leading to a touch of frost in places. Minimum temperature 0 °C.
