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Notably, the faster rate of growth was not accompanied by an upward revision in key price measures.
Also pushing up home price measures are the declines in distressed sales — that is, foreclosures and short sales.
Broad price measures like the Consumer Price Index are starting to edge up, even after the jump in oil prices is factored out.
However, Archer cautioned that data from the Halifax has been more volatile than other house price measures in recent months and that no one should pin too much weight on one particular house price survey or measure.
However, Archer urged caution in taking Halifax's findings in isolation as "the Halifax data have been notably more volatile than other house price measures in recent months and stronger overall than most".
If the adjustment is too small, home price measures could show a surprising dip.
Similar(40)
This price measure showed inflation rising at a 2.5percentt annual rate in the second quarter.
This implies that they will fall by around 5%-85%-8%m current levels depending on which house price measure you take".
The gross domestic product report includes a price measure that is far broader than the Consumer Price Index, covering almost every price change in the economy.
We have paid a high price to get waiting lists down, a price measured by our inability to cope promptly with emergencies.
The "core" output price measure, which strips out volatile elements such as food and oil prices, rose to 2.6% from 2% in November.
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