Mar
09
U.K. Chief Statistician Favors Inflation Gauge With Housing
By-
Wants CPIH to be preferred measure of consumer inflation
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Retail-prices index is `not a good measure of inflation’
The U.K.’s chief statistician said he wants the country’s main inflation measure to include housing costs, backing an index that’s been stripped of its quality mark.
In a letter to the Statistics Authority, John Pullinger said CPIH — consumer prices index including owner-occupiers housing costs — should be the “preferred measure of consumer inflation.” He said it’s important that housing is included in any gauge of price changes for consumers…
U.K. Chief Statistician Favors Inflation Gauge With Housing
