"The latest report for the S&P Case-Shiller Home Price Indexes showed another small monthly gain in October for the 20-city index, up 0.37 percent on a seasonally adjusted basis or a gain of 0.05 percent when seasonal factors are not taken into account. On a year-over-year basis, prices are now down 7.3 percent and indexes for all 20 cities are shown below."...
U.K. Composite Price Index 1750 to 2003
"Taken as a whole, in the period between 1750 and 1938, before the start of the Second World War, prices rose by a little more than three times. Since then prices have increased more than forty-fold. The most rapid increases in prices occurred in the early years of the Second World War, and more particularly between 1973 and 1981. Over this latter eight-year period, prices more than tripled, with inflation reaching 24 per cent in 1975, and exceeding 10 per cent in each year except 1978. The situation in Britain reflected the experience of the entire industrial world, which was struck by a series of supply shocks during the 1970s, including a quadrupling in the world price of crude oil in 1973. Internationally, the effect of these supply shocks was most evident in 1974 when consumer price inflation exceeded 10 per cent in the US, Italy, France and Japan, while German inflation peaked at 7 per cent. In the UK, in the ten years from 1982 to 1991, inflation was above 4 per cent in most years, but has been below that in every year since.
These results are also presented graphically. Figure 2 plots the price index on a linear scale. It clearly shows the rapid increase in prices that has occurred since the Second World War, though over-emphasises the rate at which this change has taken place, since the level of prices was already much higher compared to the 18th and 19th centuries."
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