UK House Prices Decline at Fastest Pace Since 2009

The video discusses the impact of rising mortgage rates on the UK housing market, highlighting the burden on consumers due to 13 interest rate hikes by the Bank of England since late 2021. House prices are expected to fall further, with potential relief for consumers uncertain. The video also covers a slight decline in shop prices and a decrease in food inflation, though challenges remain due to global commodity pressures, particularly in grain and rice exports.

What has been the primary focus of the UK's fight against inflation?

• Focusing on mortgages

• Decreasing public spending

• Reducing unemployment

• Increasing exports

How many interest rate increases have been implemented by the Bank of England since late 2021?

• 13

• 10

• 15

• 18

What is the significance of the recent decline in shop prices?

• It indicates a rise in consumer spending

• It shows a decrease in inflation

• It marks the first drop in two years

• It suggests an increase in food supply

Which product's inflation has been decreasing for three months in a row?

• Electronics

• Automobiles

• Food

• Clothing

What recent geopolitical issue has affected grain shipments?

• Middle East oil crisis

• Trade war between the US and China

• Brexit negotiations

• Russia pulling out of a grain shipment agreement