How we measure rental price inflation
In 2024 the ONS introduced the Price Index of Private Rents (known as ‘PIPR’). Unlike some measures of rents, PIPR…
Read more on How we measure rental price inflation Keeping average house prices up to date
The housing market is very much under the spotlight at the moment with interest rates and house prices capturing the…
Read more on Keeping average house prices up to dateBig Ticket Items: How ONS is transforming its measures of inflation
Today marks an important step in the ONS’s transformation journey, with the launch of new private housing rents statistics. Utilising far more data points than before, these new measures allow us to measure both the level and rate of change in rental prices right down to local authority areas. Chris Jenkins tells us about these new figures as well as our new data source for measuring the prices of second-hand cars.
Read more on Big Ticket Items: How ONS is transforming its measures of inflationOn the market – how the ONS measures property prices
House prices are attracting a lot of attention at the moment with speculation around whether we may see a housing market crash amidst a sluggish economy. Here at the ONS, we have also seen some debate about how average house prices, such as those published in our UK House Price Index (HPI) are calculated as well as some queries around the timeliness of our HPI data. Chris Jenkins explains the detailed calculations that take place in order that we can produce meaningful and comparable measures of change across the UK.
Read more on On the market – how the ONS measures property pricesKeeping it consistent – how we quality adjust CPI
Our consumer inflation statistics are closely watched, not only because they tell us how price rises are affecting people, but also because they are a crucial piece of information, used by the Bank of England when setting Interest rates. Chris Jenkins talks about the complex adjustments we make to ensure the index shows only real, underlying changes in prices.
Read more on Keeping it consistent – how we quality adjust CPI