CPI to take in cost of homeowning


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The Independent Online

The cost of owning and upkeeping a home will be taken into account in official inflation figures for the first time next March when the Office for National Statistics launches a new version of the Consumer Prices Index benchmark of the cost of living. Owner-occupier costs will be based on rental prices, which are already included in the CPI, to create the new CPIH benchmark. Changes in house prices remain excluded from the CPI, which stood at 2.2 per cent in September.