Compare the two lines
Find the key points by looking at:
the start and the end points of the line – this gives you an overall trend
the high points and low points – these are important points
where the lines cross – these are important for comparison
periods of no change – these are also important
where the lines change direction – these are points of changeModel Answer
The chart shows how the rate of increase in the cost of purchasing a home and renting accommodation rose in the three years between January 2013 and January 2016. overall, while both increased, the rate for house prices went up more and by the end of the period was higher than the rate for rentals even though it started at a lower point.
The cost of renting rose consistently throughout this period, and the rate of increase remained comparatively steady throughout this period going up from approximately 4% to just under 4.5% by 2016. This upward trend was only interrupted by two fairly minor dips in the first quarter of 2013 and the second half of 2014.
The rate of increase of house prices fluctuated considerably after an initial sharp increase. During 2013 and into early 2014 it rose from just 3% to about 5% and was almost a full percentage point higher than for renting. After this high, there was a lengthy period of fluctuation with a peak of around 5% being reached in early 2014 and a low of 4.2% at the end of the year. It is of note that during 2015 rental accommodation was rising a very similar rate.