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The Index of Private Housing Rental Prices (IPHRP) is a quarterly experimental price index. It tracks the prices paid for renting property from private landlords in Great Britain. The index compares trends (rather than levels) in average private sector rents across English regions, Wales and Scotland. The Index of Private Housing Rental Prices (IPHRP) is a monthly experimental price index. It tracks the prices paid for renting property from private landlords in.