Home Truths ; Ross Clark Answers Readers' Queries to Help Make Your Buying, Selling or Letting Easier

Summary

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Losing out to house price inflation

My two per cent pay rise this year was based on the Government's official inflation index. Yet house prices are going up 20 per cent a year, making it ever more impossible to get my foot on the property ladder. Unless something else is falling sharply in price, how come official inflation is only two per cent?

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Home Truths ; Ross Clark Answers Readers' Queries to Help Make Your Buying, Selling or Letting Easier

There are some things that are falling in price, such as electronic goods, but the main reason for the discrepancy between general inflation and house price inflation is that the Government's official cost of living index, the Index of Consumer Prices, excludes all housing cost...

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