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HomeIncluding owner-occupied housing costs in the HICP
Some technical and policy remarks : monetary dialogue papers : November 2021
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We discuss the full inclusion of the owner-occupied housing costs (OOHCs) in the EU's harmonised index of consumer prices (HICP). We briefly review the main methods used for including these costs into consumer price indices, and in particular the reasons why the EU authorities prefer to adopt the net acquisitions approach rather than the rent equivalence approach, as other major countries did. We also argue that in the current scenario an acceleration of the EU's roadmap towards a full inclusion of OOHCs in the HICP would be desirable. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 15 November 2021.
- Published:
- Corporate author(s): Directorate-General for Internal Policies of the Union (European Parliament)
- Themes: Economy — Finance
- Subject: consumer price , cost of living , European Central Bank , harmonisation of prices , housing , housing policy , inflation , monetary policy , price index , property leasing
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| ISSN | ISBN 978-92-846-8684-1 | DOI 10.2861/577102 | Catalogue number QA-01-21-383-EN-N |
- Released on EU publications website:
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