stats

UK Inflation Rate and Graphs

UK Inflation Rate and Graphs

Current UK Inflation Rate CPI inflation rate: 0.0% (headline rate) (page updated 25 March, 2015) Source: Raw data General inflation tables | CPI annual % change D7G7 at ONS What is causing the fall in inflation? Lower cost push inflation – falling oil prices Other commodity prices also falling, such as metals, food. Lower energy prices – gas and electricity Low worldwide inflationary expectations. Europe is experiencing deflation and this is keeping inflation low. Supermarket price wars, with big chains, such as Tesco and Sainsbury attempting to maintain…

UK Housing Market Stats and Graphs

UK Housing Market Stats and Graphs

A look at the main UK housing market data. House prices Affordability of housing Interest rates Supply of housing House price inflation Nationwide data Annual house price inflation running at 8.3% in Nov 2014 London showed strongest housing market with prices rising 21% Price of a typical home is £188,810 (Dec 2014) UK House prices in past few decade In 1975, average house prices were: £10,388. In 2014, average house prices are: £188,810. (more…)

Savings ratio UK

Definition of Household savings ratio: The percentage of disposable income that is saved. (1) Total savings = Disposable income – Household consumption UK Saving Ratio Latest UK household savings ratio: Q2 2014 = 6.7 UK Saving ratio source: National income accounts Q4 ONS Note: stats were revised upwards in a recent update. (more…)

Economic Growth UK

Economic Growth UK

Economic growth measures the change in real GDP (national income adjusted for inflation; ONS call it chained volume measure of GDP) In 2013 – annual GDP in volume terms increased by 1.7% in 2013. In the past 12 months – between Q2 2013 and Q2 2014, GDP in volume terms increased by 3.2% The peak to trough fall of the economic downturn in 2008/2009 is now estimated to be 6.0% In 2013, GDP at market prices was £1,713,302 million (£1.7 trillion) Updated October 6th, 2014 Recent UK Economic Growth

UK Bond Yields Explained

UK Bond Yields Explained

UK bond yields are the rate of interest received by those holding Government bonds. Governments sell bonds (via the Debt Management Office DMO) to fund their budget deficits. Bonds are a way for the government to borrow – a bit like the government taking out a loan. Government bonds are frequently traded on bond markets. Therefore, their market price may be quite different to the original price set by the government. Example. A government may sell a 10 year, £1,000 bond at 5% interest. This means every year year the government will…

UK Balance of Payments

UK Balance of Payments

The Balance of Payments is the record of a country’s transactions / trade with the rest of the world. The balance of payments consists of: Current Account (trade in goods, services + investment incomes + transfers) Capital Account / Financial Account (capital and financial flows, net investment, portfolio investment) Errors and omissions. It is hard to collect all data so some is missed out. In theory there should be a balancing between capital and current / financial account. If there is a current account deficit, there should be a surplus on the capital /…

Finding economic stats and data at ONS and Bank of England

Finding economic stats and data at ONS and Bank of England

  Quick links for main economic statistics My page with graphs Main ONS dataset Useful direct links Economic growth National income acc Real GDP | % quarterly Inflation inflation series CPI annual % Unemployment Labour market ILO % Current account b of p pnbp C.A % GDP Budget deficit psf at ONS | psf at HM T PSNB % GDP Public sector debt psf at ONS PSND % GDP Labour productivity prdy dataset lab. prod. % change Saving Ratio Nat.l inc. acc: J3 household…

Economic Growth UK

Economic Growth UK

Economic growth measures the change in real GDP (national income adjusted for inflation, ONS call it chained volume measure) Economic growth in Q1 2013 was 0.3% (preliminary estimate). GDP was 0.4% higher in Q1 2013 than in Q3 2011 and therefore the economy has been broadly flat over the last 18 months (ONS) Recent UK Economic Growth Source: ONS Raw data:  National income accounts | real GDP | % change quarterly | National income accounts The UK entered recession in…