House price inflation 'picks up'
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Annual house price inflation rose to 9.6% in November, according to the latest survey from the Halifax bank.
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Britain's inflation rate unexpectedly held steady in November, official data showed on Tuesday, but price pressures are expected to pick up in the coming months as higher oil and food prices feed through.
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The annual inflation rate edged higher in October, in line with expectations, owing to higher petrol prices and gas and electricity charges, official data shows.
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Wholesale prices climbed by 0.5 percent in November  --  an improvement compared with the previous month's surge, but still fresh evidence that inflation is picking up as the economy gains momentum.
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House price growth rebounded in June, according to the Nationwide, with prices rising by 1.1% in the month.
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British house price inflation remained in double-digits in June and prices in the service sector accelerated, according to two separate surveys on Wednesday that reinforced expectations interest rates would go up this week.
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UK house prices rose by 1.1% in December, the first monthly rise since September, the Halifax says.
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Inflation picked up to an annual rate of 1.2 percent in October from a six-month low of 1.1 percent recorded in September as petrol prices at the pump rose, official figures showed.
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UK house prices rose by  0.7% in October from the previous month, figures from the Office of the Deputy Prime Minister (ODPM) show.
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Consumer prices rose an as-expected 0.2% last month, a government report showed Tuesday, but a sharp jump in lodging costs helped push so-called core inflation up at its fastest pace in five months.
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UK house prices are still rising strongly, the country's biggest mortgage lender, the Halifax, says.
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UK interest rates are expected to go up  later this week as the Bank of England moves to combat inflation.
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House prices grew by 0.8% in August, the Nationwide says, lifting the annual growth rate to 6.6%.
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UK house prices unexpectedly rose in November at the fastest pace since July, reinforcing expectations real estate values will level out, avoiding a collapse from records, according to Nationwide Building Society.
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The average house price in the UK has now reached Â£201,090, says the DCLG.
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The average price of a home in the UK surged in January, according to official figures.
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The pound was firmer after the latest producer price figures out of the UK showed prices continued to rise.