January house prices 'rose 1.3%'
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UK house prices are still rising strongly despite recent interest rate rises, the Halifax says.
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House prices rose 1% in November after a small fall in October, according to the latest survey from the Nationwide building society.
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US consumer prices increase by more than expected in January, figures show, as medical and food costs rose.
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Sales at retailers unexpectedly rose 0.3 percent in January, partly reflecting stronger sales of new cars and gasoline, according to a Commerce Department report on Wednesday.
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UK inflation rose to 2.2% in January, up from 2.1% in December, as transport costs rose, official figures show.
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Rising food costs helped push consumer prices up for a second straight month in January by 0.4 percent, more than offsetting a moderation in energy price rises as inflation showed signs of gaining steam, according to a Labor Department report on Wednesday.
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The Consumer Price Index posted a higher-than-expected gain of 0.4 percent in January, and construction of new homes and apartments rose by 0.8 percent in the month, the government reported.
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UK house prices grew by 0.1% in August, the slowest monthly increase for almost three years, the Nationwide building society says.
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Investor's Business Daily - Home prices in Britain and Wales rose just 3% in Dec. vs. a year earlier, said property consultant Hometrack. That's the smallest gain since June '06. Prices fell 0.3% vs. Nov., the most since Jan. '05. Homes are staying on the market for 8.3 weeks, the longest since the survey began in '01. The data are raising the prospects of further Bank of England rate cuts early next year.
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Construction of new homes and apartments rose 4.7 percent in January to the highest level in over two decades as low mortgage rates continued to power the nation's housing industry.
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The housing market will stagnate rather than slump, economists insisted after figures from the Halifax revealed a 1.1 per cent drop in prices last month.
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Rising food costs helped push  consumer prices up for a second straight month in January by  0.4 percent, more than offsetting a moderation in energy price  rises as inflation showed signs of gaining steam, according to  a Labor Department report on Wednesday.
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The pound rose after news that UK producer prices rose sharply in January to levels not seen in nearly five years.
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WASHINGTON -- Consumer prices rose by a bigger-than-expected amount in January, reflecting big increases in the cost of food and health care, the government reported Wednesday.
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The average price of a home in Northern Ireland has continued to rise by 25%, a report finds.
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The UK economy grew at an annual rate of 3% in the first quarter of the year, raising the chances of more rate hikes.
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Sales at retailers rose 0.3 percent in January, which was an unexpected pickup that partly reflected stronger sales of new cars and gasoline, according to a Commerce Department report on Wednesday.