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News - Lower energy costs help reduce inflation17th July 2007 - The UK Government target measure of inflation - the consumer prices index was down 0.1 per cent in June 2007 from 2.5 percent in May, the Office for National Statistics revealed today. The main price rise over the period was due to a rise in petrol prices but this was offset by lower gas and electricty costs and a fall in the prices of wide range of consumer electronic items such as TV's, DVD's and Cameras The retail prices index rose however in June 2007 to 4.4 percent from 4.3 percent in May. Mortgage interest payments accounted for most of the rise with Banks and Building Societies passing on the increasingly regular hikes in the base rate to their borrowers - Mortgages are excluded from the consumer prices index. The retail prices index remained unchanged if mortgage interest rises were excluded. More NewsBank Review Base rateBrown promises three million more affordable housesInterest rates rise to 5.75 per centImportant Checks Before You Sign Up For a LoanGetting a Loan when you have a bad history 'more difficult' say LendersBad Credit Loans for Homeowners |
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