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Inflation statistics are produced independently of government by the Office for National
Statistics (ONS). The current main measure of inflation is CPI. This does not include
house prices as these are an asset price and in line with international practice are
not included in a consumer price index. However, it does include some costs associated
with housing, such as rental prices and the costs of renovating and repair and maintenance
of homes. The ONS also produces CPIH, which does include housing costs but is currently
undergoing development work after the UK Statistics Authority found faults in its
production.
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