The latest ONS figures, released yesterday show that inflation seems to be in the initial phase of converging with wage growth, currently at a tolerable level.
Over the past 5 years, rental prices in the UK on average have remained broadly stable.
The official CPI measure of inflation picked up in March to +0.5% on the previous year.
Saturday marked the seventh anniversary of the Bank of England’s introduction of the emergency 0.5% Bank Rate.
At the end of last week, the Office for National Statistics released an experimental report on the growth in private housing rental prices.
Last week, the Economic Research Council hosted our fifth annual economic forecasting event, the “Clash of the Titans”, where we invited three economic experts to give their forecasts for 2016.