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In this paper, we implement a new measure, the rental equivalence approach, in estimating the cost of Irish housing for the purposes of the consumer price index (CPI). The cost of housing composes both the cost of owner occupier housing (OOH) as well as the cost of renting. This work, which is...
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Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … consider this source of mismeasurement when assessing the precision of the HICP as a measure of "true" inflation. … the euro area HICP. The measurement of the German HICP is impaired by the extrapolation of expenditure weights, and the …
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