UK house price inflation eased slightly in July after accelerating sharply in the previous month, and prices fell on a monthly basis for the first time since June last year, as rising interest rates and high cost of living hurt activity.
The house price index climbed 11.8 percent year-over-year in July, slower than the 12.5 percent rise in June, survey data from the Llyods Bank subsidiary Halifax showed on Friday.
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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.