On Insee’s blog post ‘Yes, Insee does take housing into account in inflation!’
Au sujet du Blog de l’Insee « Mais si, l’Insee prend bien en compte le logement dans l’inflation ! »
François Geerolf
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Abstract:
This article critically examines the response published by the French National Statistical Institute (Insee) regarding the treatment of housing in the Consumer Price Index (CPI). It shows that the exclusion of owner-occupied housing from the CPI is neither an uncontested international standard nor a neutral choice. In France, this convention significantly reduces the weight of housing in the index and may lead to an underestimation of inflation, particularly in a context of sharply rising rents. The article also highlights the methodological limitations of the current measurement of rents in France and calls for a transparent debate on statistical conventions, given their implications for the assessment of purchasing power and the credibility of official statistics.
Keywords: national accounts; statistical methodology; official statistics; purchasing power; price measurement; inflation; consumer price index; CPI; housing; owner-occupied housing; imputed rents; rents; indice des prix à la consommation; IPC; logement; loyers; loyers imputés; propriétaires occupants; mesure des prix; pouvoir d’achat; statistiques publiques; méthodologie statistique; comptabilité nationale (search for similar items in EconPapers)
Date: 2022-02-22
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Published in 2022
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Working Paper: On Insee’s blog post ‘Yes, Insee does take housing into account in inflation!’ (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05506014
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