Inflation comment from Phoebus
16 April 2025
Richard Pike, chief sales and marketing officer at Phoebus, says:
"This surprise fall in inflation is a welcome development for the economy and the property market alike. While many had expected inflation to hold steady or even rise slightly due to upward pressure from labour costs, utility prices and global trade factors, today’s figures suggest those effects may be easing more quickly than anticipated.
“This unexpected dip could strengthen the case for the Bank of England to bring forward a base rate cut – a move that would be warmly welcomed across the housing market. Lower interest rates would help alleviate affordability pressures, unlock greater borrowing potential and support increased mortgage activity as we move into what’s traditionally a busy season for home moves.”
