UK house price inflation accelerated at a more than expected rate in April, figures from the Lloyds Bank subsidiary Halifax and IHS Markit showed on Wednesday.
The house price index surged 5.0 percent year-on-year in April, following a 2.6 percent increase in March. Economists had expected a 4.5 percent rise.
Compared to the previous month, house prices rose 1.1 percent in April, after a 1.3 percent decline in March. Economists had expected prices to rise 0.1 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.