In the year tojuly. Competition among renters is pushing the prices up with as many as 20 requests to view each available property, up from six in 2019. Data shows there was a 5. 5 increase in rents in london this was the sharpest increase in rent since 2006, and thats despite london being the only region where house prices had fallen. In scotland the average rent was up 5. 7 ina year. And there was an even bigger rise for tenants in wales up 6. 5 . Ben twomey, the chief executive of generation rent, hejoins me now from london. Thank you for coming on the programme. What do you make of those numbers . , ,. ,. , numbers . Sadly, its not a huge Surrise Numbers . Sadly, its not a huge surprise that numbers . Sadly, its not a huge surprise that we numbers . Sadly, its not a huge surprise that we are numbers . Sadly, its not a huge surprise that we are seeing numbers . Sadly, its not a huge| surprise that we are seeing rents going up. Forso surprise that we are seeing rents going up. For s
First a Welcome Development here in the uk. Inflation fell sharply to 6. 8 injuly, from 7. 9 injune. But it still means prices continue to rise. Prime minister rishi sunak says it shows his governments plan is working, but he cautioned against complacency. The drop was fueled by lower energy costs. But Core Inflation which looks at price rises excluding food and energy remained unchanged. According to the office of national statistics, the rising costs of hotels, air travel, and rents are in Part Keeping Inflation high. Economists are still expecting Interest Rates the tool used by the Bank Of England to control price rises to be raised further. The bbc s economics editor faisal islam has more. The heat may be coming out of rising prices at supermarkets and convenience shops, and that can be seen, for example, in milk prices on the shelves of this shop in walsall. Overall they are still rising, butjust by less than they were. This area was, originally, about two months ago, all a pound
that in the shellfish point, but these things that are made from milk, they haven t gone down, they ve gone up. the biggest concern for us is high interest rates, - whether that will actually slow down general industry, and general- approach to investments. official figures show the rate of inflation in the uk has fallen to its lowest level in fifteen months, but high food prices and rents mean cost of living pressures are not going away anytime soon. also on the program. former ukrainian prisoners of war tell the bbc captives were tortured and left under nourished at a detention centre in southern russia. we ll have a special report. and england beats australia to book a place in the womens world cup final against spain on sunday. we ll have all the goals for you later in the program and look at what the rise of the women s game means for young girls around the world.
are made from milk, they haven t gone down, they ve gone up. the biggest concern for us is high interest rates, - whether that will actually slow down general industry, and general- approach to investments. official figures show the rate of inflation in the uk has fallen to its lowest level in fifteen months, but high food prices and rents mean cost of living pressures are not going away anytime soon. also on the program. former ukrainian prisoners of war tell the bbc captives were tortured and left under nourished at a detention centre in southern russia. we ll have a special report. and england beats australia to book a place in the womens world cup final against spain on sunday. we ll have all the goals for you later in the program and look at what the rise of the women s game means for young girls around the world.