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- According to the Office for National Statistics, UK inflation was 4.6% in the year to October, which is much lower than the recent peak of 11.1% seen last year. So does this mean prices are on their way down too? Unfortunately not. Prices are still rising quite sharply compared to a year ago, just at a slower rate than they have been.
www.bbc.com/news/business-64290160
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5 days ago · After hitting a record high in August 2022, house prices plummeted in the wake of former Prime Minister Liz Truss’s disastrous Mini Budget. Prospective buyers abandoned the housing market as...
Oct 16, 2024 · The surprise fall in inflation last month to 1.7, down from 2.2% in August, was mainly driven by airfares and fuel. Petrol and diesel prices were significantly lower, dropping by 10.4% in ...
Aug 1, 2023 · What is happening to house prices around the UK? Prices rose steeply - by about 25% - across most of the UK from the start of 2020 until Autumn 2022. But they have fallen by nearly 5% from...
Nov 15, 2023 · Inflation is falling - so prices are still going up, just not as quickly. According to the Office for National Statistics, UK inflation was 4.6% in the year to October, which is much lower than...
Jan 18, 2024 · The fall in prices reflects the effect of elevated mortgage rates on the housing market after the Bank of England raised interest rates from a record low of 0.1 per cent in November 2021 to a...
- Valentina Romei
May 19, 2024 · Economists polled by Reuters expect a 2.1 per cent annual rise in headline consumer prices in the figures published on Wednesday, down from 3.2 per cent in the previous month and far below...
Dec 20, 2023 · Average UK house prices declined by 1.2 per cent in the 12 months to October 2023, down from a revised fall of 0.6 per cent in September, the Office for National Statistics said on...