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John Pullinger, the National Statistician, issued a statement in November 2016 concerning the future of consumer price inflation statistics in the UK. In his statement, Mr Pullinger confirmed that the Consumer Prices Index measure including owner occupiers’ housing costs (CPIH) would be the Office for National Statistics’ preferred measure of consumer price inflation from March 2017.
This article explains the main price inflation indices currently in use and the differences between them. It also discusses the implications of John Pullinger’s announcement.