Source: ForexYard
The much-anticipated inflationary reports from Great Britain were released this morning, highlighting the positive move being made in consumer and retail inflation levels. Today’s figures came in roughly as expected, with mild optimism on at least one, but the house price gauges produced consternation among capital investors.
The CPI and RPI data released by the British Office of National Statistics showed solid growth at the consumer levels of inflation across Britain. Two reports on housing, however, revealed diminishing housing inflation. The DCLG report on HPI had deeper losses than expected, showing a 1.5% contraction. The RICS House Price Balance report also revealed 23% of surveyors citing reduction in house prices, worse than the anticipated 22%.
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