National Statistics Online - Articles - Relative Regional Consumer Price Levels in 2003
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Relative Regional Consumer Price Levels in 2003
Meeting the needs for 2003 regional price data, which were articulated by the Chancellor of the Exchequer in his budget speech on 9 April 2003
This article gives the Office for National Statistic’s estimates of the relative differences in consumer prices between regions in 2003.
The article also explains how a survey conducted by the ONS in 2000 has been built on to form these latest statistics. The main improvement to the estimates has been the inclusion of major owner-occupier housing costs for the first time, in particular mortgage interest payments and depreciation.
Regional price level surveys were considered in the Allsopp Review of Statistics for Economic Policymaking (the final report was published in March 2004). The approach taken in both the 2003 and 2004 regional price surveys was supported by the Review.
Published in web format: 13 November 2003 at 9:30 am
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