- Prices in Britain are now rising at the fastest rate since early 2012, meaning real wages are falling. It’s good news for pensioners, but another blow to those on benefits
Breaking: CPI inflation rate hits 3.0%
Weak pound since Brexit vote is pushing prices up
Rising inflation eats into workers’ wages
State pension likely to rise by 3%
UK inflation now twice as fast as in eurozone
Brexit uncertainty hits London house prices
In other news, UK house price inflation has picked up -- but not in London.
Average house prices in the UK rose by 5.0% in the year to August 2017, up from 4.5% in July 2017.
However, prices in the capital actually fell during the month, and are only 2.4% higher than a year ago.
That might help some younger people to get onto the housing market (although the average London house price is still £484,000).
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Wow.... an average of 484k..... you would need to earn £150k to afford the mortgage on an average house....
