During the summer the Office for National Statistics announced that the results of a consultation process - held between October and December last year - had been processed and that “good progress had been made in a number of areas.” This had prompted hopes that the new index might be launched in the New Year.
However, a more recent announcement by the ONS - at the end of a scheduled release of house price data - reveals that “there have been delays in securing access to the data required to begin test production of the new index.” The office adds: “Work is still progressing.”
In a key part of its statement, the ONS says: “The Development Working Group has also been considering the transition to the new house price index for users. Further details regarding the transition plan will be published in early 2016, and will likely include a number of user events to fully explain the changes ahead of the anticipated first publication of the new index by June 2016.”
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