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News - 16 July 2014

Latest inflation figures

 ccording to the Office for National Statistics (ONS), The Consumer Prices Index rose to 1.9%, up from 1.5% in May.

 
Stuart Coleman, Manager of the Tax Department of ABDS comments:
“This is seen as a result of a rise in clothing and footwear, food and non-alcoholic drinks prices, with fares and furniture prices also pushing the inflation rate up.”
 
The rate is now close to the Bank of England's 2% target. It has remained below the target for seven consecutive months.
 
The ONS has also released figures on house prices.
 
Annual house price inflation hit 10.5% in May, the highest rate for four years, the market was in large part driven by London, where house prices rose by a record 20.1% over the year.
 
Stuart again:
“In England, prices rose by 11%, in Wales prices were up by 6.5%, and in Scotland they rose by 3.6%. According to the ONS index, the average price of a house across the UK is now £262,000.”
 
For those who are looking for a more personal approach on a range of individual and business related issues, contact us at ABDS.
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
 
Brilliant with numbers  
Great with people  
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals
 
Helping Your Business is Our Business

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