Inflation is bubbling away in UK house prices

UK house price index is 18.7% higher than the pre-economic downturn peak of 200834831551

These are the two words which must not be mentioned along the lines of the rules of Fight Club in UK inflation measurement. We get to see why just by observing the numbers they provide.

On a seasonally adjusted basis, average house prices increased by 0.8% between September and October 2015……UK house prices increased by 7.0% in the year to October 2015, up from 6.1% in the year to September 2015.

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