Inflation: Housing

Treasury written question – answered on 8th January 2014.

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Photo of Steven Baker Steven Baker Conservative, Wycombe

To ask the Chancellor of the Exchequer what progress he has made on the coalition agreement commitment to work with the Bank of England to investigate how the process of including housing costs in the CPI measure of inflation can be accelerated; and if he will make a statement.

Photo of Nicky Morgan Nicky Morgan The Economic Secretary to the Treasury

From March 2013 the Office for National Statistics has been publishing 'CPIH', a measure of CPI inflation that includes owner-occupiers' housing costs. The UK Statistics Authority announced on 10 December 2013 that, after a review, CPIH had been awarded 'national statistics' status.

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