U.K. Adds Housing To List Of Inflation Measures

The U.K.’s chief statistician said a measure of inflation including housing will become the favoured 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. A spokesman said: “At the moment we have an alphabet of inflation measures so it’s important there’s more clarity about what we think inflation is doing. By including housing costs, CPIH is a better measure of inflation that people face up and down the country.” Read more on the Bloomberg website.