Economy The Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate was 2.8% in October 2017, unchanged from September 2017. The inflation rate for food and non-alcoholic beverages continued to increase to 4.1%, the highest since September 2013. Rising prices for food and, to a lesser extent, recreational goods provided the largest upward contributions to change in the rate between September 2017 and October 2017. The upward contributions were offset by falling motor fuel and furniture prices, along with owner occupiers' housing costs, which remained unchanged between September 2017 and October 2017, having risen a year ago. The Consumer Prices Index (CPI) 12-month rate was 3.0% in October 2017, unchanged from September 2017. The headline rate of inflation for goods leaving the factory gate (output prices) rose 2.8% on the year to October 2017, down from 3.3% in September 2017. Prices for materials and fuels (input prices) rose 4.6% on the year to October 2017, down from 8.1% in September 2017. Core input inflation was 3.2% on the year to October 2017, which is the lowest it has been since June 2016. This is a high-level summary of the UK House Price Index (HPI). For full details, including commentary, historical data tables and analytical tools, please see the main publication of the House Price Index, published today (14 November 2017) by HM Land Registry on the GOV.UK website. Private rental prices paid by tenants in Great Britain rose by 1.5% in the 12 months to October 2017; this is down from 1.6% in September 2017. In England, private rental prices grew by 1.5%, Wales also saw growth of 1.5% while Scotland saw rental prices increase by 0.4% in the 12 months to October 2017. London private rental prices grew by 0.8% in the 12 months to October 2017, that is, 0.7 percentage points below the Great Britain 12-month growth rate. 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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