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Housing: Inflation

Volume 708: debated on Friday 27 February 2009

Question

Asked by

To ask Her Majesty's Government what the current rates of inflation are for owner occupiers and for council tenants. [HL1279]

The CLG monthly house-price index covers house-price inflation and deflation. House prices in December 2008 were 10.2 per cent lower than the previous year. The latest available data are for April 2008. The average rent paid by local authority (council) tenants for England at the end of April 2008 was £64.12 per week. The average rent paid by local authority tenants for England at end of April 2007 was £61.49 per week. This equates to a 4.3 per cent annual increase in average rent. The 2008 rent figure is provisional and subject to change.