UK house price annual inflation slowed further in August, but the average price for a residential property hit a fresh record high, survey data from the Lloyds Bank subsidiary Halifax showed Tuesday. The house price index climbed 7.1 percent year-on-year following a 7.6 percent rise in the previous month, IHS Markit, which releases the Halifax survey results, said. The annual rate has slowed every...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.