Nov
10
U.K. Adds Housing as It Continues Overhaul of Inflation Measures
By-
Statistics office says CPIH to be key price measure from March
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Move brings closer potential switch of BOE target to new gauge
The U.K.’s chief statistician said a measure of inflation including housing will become the favored gauge of consumer prices from March.
CPIH — the consumer prices index including owner-occupiers’ housing costs — will be the “preferred measure” of inflation for the Office for National Statistics. Switching to the new index will address several flaws and limitations in alternative price measures and simplify the current plethora of different gauges, John Pullinger said in a statement on Thursday…
U.K. Adds Housing as It Continues Overhaul of Inflation Measures
