United Kingdom inflation had hit a two-year low of 1.8% in January - also the first time since 2017 that the rate had fallen beneath the Bank of England's target level. The average house price in England increased by 0.4% over the year to February, down from 1.4% in January.
Meanwhile, Brexit fears continue to take their toll on the property sector, as annual house price growth slowed to its lowest level since September 2012 in February at 0.6%; London saw the biggest decline in house values of 3.8%.
The produce price index rate was negative 0.2%, below expectations of positive 0.3%.
When adjusted for inflation, pay, including bonuses, increased by 1.5% on the year, the highest figure since the summer of 2016. In Northern Ireland, average house prices increased by 5.5% over the year to £137,000.
He continued: "We suspect house prices will rise only 1% over the year and would not be at all surprised if they stagnate".Читайте также: Xbox One S All-Digital Edition Officially Revealed; It'll Cost $249.99
Tom Stevenson, investment director for personal investing at Fidelity International, said: "The Bank of England will view today's inflation data as the least problematic of the week's three economic announcements".
"Also it looks questionable whether the labour market and earnings growth will sustain their recent improvement".
"Inflation is stable, with motor fuel prices rising between February and March this year, offset by falls in food prices as well as the cost of computer games growing more slowly than it did this time last year", ONS statistician Mike Hardie said. Against the euro, sterling extended its losses and hit the day's low of 86.81 pence, down 0.3 percent.
Urban inflation rate increased by 11.54 per cent (year-on-year) in March 2019 from 11.59 per cent recorded in February 2019, while the rural inflation rate increased by 10.99 per cent in March 2019 from 11.05 per cent in February 2019.
"This means that while transactions volumes continue to tick over, the truth is we aren't now in a buyers nor a sellers market".При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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