I stand corrected; I just assumed they were, since others do and inflation has been reported as very low for the past 20 years. It's hard to imagine that housing could be part of this calculation the way the housing market in Norway has developed in the past 25 years. I guess it's the way the house/energy is lumped into a category which is weighted low, at least in comparison to how much of our expenses it represents.
I guess the people in the US ignore it completely, we just weigh it wrong :-)
> Why aren’t house prices included in measures of inflation? Should they be?
>I guess the people in the US ignore it completely, we just weigh it wrong :-)
uhh what? It's the same situation in the US. "houses" aren't a component of inflation, but "housing" is. According to the BLS, the "Shelter" component makes up 33.3% of the CPI.
I guess the people in the US ignore it completely, we just weigh it wrong :-)
> Why aren’t house prices included in measures of inflation? Should they be?
https://www.economist.com/the-economist-explains/2021/07/29/...