Economic Buzz:UK House Price Inflation Slows For Second Month In February

UK house price inflation moderated for the second successive month in February, figures from the Office for National Statistics showed Wednesday. The house price index climbed 4.4 percent year-over-year in February, slower than the 4.7 percent rise in January, which was revised down from a 4.9 percent increase reported earlier. The average UK house price was GBP 225,000 in February, which was GBP 9,000 higher than in the same month of the prior year, while broadly unchanged from last month.