Monday, January 21, 2008
Real prices down year on year .. except in London.
Look at page 5.
There have been real (i.e. accounting for inflation of 4%) price drops year on year for everywhere but London.
Year on year price changes are:
North 0.8%, North West -0.2%, East Midlands 0.4%, East Anglia -0.5%, South East 3.9%, South West 2.4%, Wales -3.9%, West Midland 0.2%
And they try to blame the monthly 0.8% fall on HIPS (p.2) . But they didn't blame the rise on HIPS last month!