Goods and services cheaper but house prices still rise
House prices across the UK rose by 9.9% in the past year, according to figures from the Office for National Statistics (ONS).
In London that figure is nearly 19% which means that according to the ONS, the average house now costs £260,000.
The latest figures also show that inflation has fallen to 1.5%, but prices are still rising faster than wages.
Simon Jack reports.
17 Jun 2014
- From the section Business