Inflation Slips But House Price Growth Surges

Official figures have charted an easing in the annual rate of inflation but house price growth accelerating to a seven-year high.

Separate releases by the Office for National Statistics (ONS) showed CPI inflation at 1.5% - falling back from 1.6% the previous month - with the biggest contributions coming from the supermarket price war and falling petrol costs.

The means that while wage growth remains much weaker that the rate of inflation - maintaining the squeeze on earnings - the gap was slightly reduced.

The ONS statistics on house prices however showed that purchasers would need to dig deeper for a deposit.

The average cost of a home rose 11.7% to a new record high of £272,000 in the year to July, though annual growth in London slipped slightly to a rate of 19.1% from 19.3% the previous month.

The study - by nation - showed prices rose 12% in England, 7.4% in Wales, 7.6% in Scotland and 4.5% in Northern Ireland.

The official ONS figures lag other major market surveys, which have previously suggested that growth levels slowed in August.

But its report showed several UK regions saw property prices reach fresh all-time highs in July.

The East Midlands, West Midlands and South West joined London, the East and the South East in having price levels higher than their pre-financial crisis peaks of 2007/08, the ONS said.

More follows...

Anda sedang membaca artikel tentang

Inflation Slips But House Price Growth Surges

Dengan url

http://gagalcoba.blogspot.com/2014/09/inflation-slips-but-house-price-growth.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Inflation Slips But House Price Growth Surges

namun jangan lupa untuk meletakkan link

Inflation Slips But House Price Growth Surges

sebagai sumbernya