Using house prices to compute the price of housing in the CPI

Timothy Beatty, Erling Røed Larsen and Dag Einar Sommervoll

Economics Letters, 2010, vol. 106, issue 3, 238-240

Abstract: Rental-equivalence is often used in computing price changes of owner-occupied housing in the CPI. We use an alternative approach, employing interest-adjusted house prices. For Norway 2000-2008 our method yielded a 30% CPI-increase, compared to the official 17%.

Keywords: Consumer; price; index; Inflation; measurement; Owner-occupied; housing (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:106:y:2010:i:3:p:238-240

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