Rent increase based on inflation rate

[knowabit]

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

[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]

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]

Many thanks for your answers