House prices in London up 12% in a year

As inflation falls to a four-year low, Business Editor Laura Kuenssberg highlights the rise in house prices over the past year, according to official statistics:

Laura_normal

ONS says London house prices up 12 pc, 3.1 pc across UK btw Oct 12 and Oct 13

Advertisement

Inflation at four-year low

The rate of Consumer Price Index inflation fell to a four-year low of 2.1% in November from 2.2% in October, according to official figures. One reason behind the decline is that large rises in household energy bills have yet to take effect.