A new consumer price index that incorporates housing

N. Anders Klevmarken

No 2009:15, Working Paper Series from Uppsala University, Department of Economics

Abstract: A long lasting controversy in Sweden as well as internationally is how to best estimate a price on the services of owner occupied housing in a consumer price index. There is no international consensus and different approaches have been adopted. In this paper we use a true cost-of-living index suggested by one of the authors, apply the model to Swedish data and compare the results to the current Swedish CPI. We also show that within the economic model underlying the true cost-of-living index, alternative operationalizations of the index give rather different results. The choice between these alternatives depends upon the primary purpose of the index.

Keywords: Price index; cost-of-living index; compensation index; price of housing services (search for similar items in EconPapers)
JEL-codes: C43 D91 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2009-11-18
New Economics Papers: this item is included in nep-ure
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Published as Klevmarken, Anders, 'A new consumer price index that incorporates housing' in Journal of Economic and Social Measurement , 2012, pages 177-276.

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:uunewp:2009_015

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