Rent increase based on inflation rate

knowabit | 19:45 Wed 13th May 2009 | Personal Finance

6 Answers

my tenancy agreement has a clause for an annual rent increase of inflation plus 1%. What is usually the average inflation rate each year?

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tamborine

no inflation now - in recession.....prepare for drop in rental charges.

Jan1957

I wish it did work that way tambourine. My rent's just gone up so looking for somewhere else to live.

knowabit

Question Author

The clause is for 12 months from now.... any ideas?

tamborine

my kids mortgages have gone down....so it must like that?

factor-fiction

If you are seeking a figure for the next 12 months I would suggest somewhere between -0.5% and +2%. Beyond that no-one can be sure but there is an expectation inflation rate will rise- maybe to 5% or more due to quantitative easing in a year or two. If you want historical data this site goes back to 1947!http://www.statistics.gov.uk/cci/nugget.asp?ID =21

knowabit

Question Author

Many thanks for your answers

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