Economy Consumer and producer prices - Consumer price inflation continued to rise in February 2017, reflecting upwards pressure from increasing food and transport costs.
- The 12-month rates of inflation for manufacturers' inputs and outputs in February 2017 are broadly unchanged from January, reflecting little change in prices in the month.
House prices - The distribution of house prices for first-time buyers, using a mortgage, has seen a marked shift towards properties valued above £200,000 in the last 10 years.
Public sector net borrowing (excluding public sector banks) decreased by £19.9 billion to £47.8 billion in the current financial year-to-date (April 2016 to February 2017), compared with the same period in the previous financial year; this is the lowest year-to-date borrowing since the financial year-to-date ending February 2008. The Consumer Prices Index including owner occupiers' housing costs (CPIH, not a National Statistic) 12-month inflation rate was 2.3% in February 2017, up from 1.9% in January. Both the annual and monthly rate of producer price inflation increased in February 2017. Factory gate prices (output prices) rose 3.7% on the year to February 2017, which is the eighth consecutive period of annual price increases and the highest they have been since December 2011. This is a high-level summary of the UK House Price Index (HPI), which replaces the previous house price indices separately published by the HM Land Registry and the Office for National Statistics. For full details, including commentary, historical data tables and analytical tools please see the main publication of the new House Price Index, published today (21 March 2017) on the GOV.UK website. Private rental prices paid by tenants in Great Britain rose by 2.1% in the 12 months to February 2017; this is down from 2.2% in January 2017. Owner occupiers' housing costs (OOH) in the UK under the rental equivalence approach have grown by 2.6% in Quarter 4 (Oct to Dec) 2016. People, population and community Weekly death figures provide provisional counts of the number of deaths registered in England and Wales in the latest weeks for which data are available. |
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