Historical trend
Trend summary
The ONS Index of Private Housing Rental Prices (IPHRP) for England stood at 149.5 in February 2024 (January 2015 = 100), its final reading before the series was discontinued.
Trend
- The IPHRP index for England rose from 100 in January 2015 to 149.5 by February 2024, with annual rental growth accelerating sharply after 2021.
- Annual rental growth accelerated after 2021, reaching rates above 5% by 2022–23 compared with 2–3% in the preceding decade.
- ONS discontinued the IPHRP series in February 2024; data shown runs to January 2024.
Context
- The IPHRP measures changes in rents paid on both new and existing tenancies; it is not a measure of the absolute level of rents.
- Data covers England; separate indices for Wales, Scotland, and English regions were also published by ONS until discontinuation.
Commentary contains no editorial judgement — describes direction, magnitude, and official projections only.