With housing never off the front pages, you’d expect housing statistics to be an area Britain would excel.
It turns out that isn’t quite the case.
Last November, in response to demands for a measure of inflation which included the costs of housing services associated with owning, maintaining and living in one’s own home, the ONS introduced a new index called the CPIH.
It used a measure called rental equivalence – the rent someone could expect to pay to live in an equivalent home – as a proxy for the costs faced by the owner.
But today, less than a year later, the UK Statistics Agency announced it has stripped the CPIH of status as an national statistic (the top rank of official statistics)* due to methodological concerns (PDF). Read more