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Using house prices to compute the price of housing in the CPI |
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| Authors: | Timothy KM Beatty Erling Røed Larsen Dag Einar Sommervoll |
| Institution: | 1. Statistics Norway, Norway;2. Norges Bank, Norway |
| 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%. |
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