The people who complain about CPI do so because CPI IIRC bases "shelter" off of rental costs.
Home prices themselves aren't really used, because they're based off of interest rates, land values, and many other attributes that don't really apply to CPI. Rental costs for all of their faults, are a better measurement of month-to-month or year-to-year inflation.
So you're right. They don't really include "house" prices. But they absolutely include "housing" prices.
Home prices themselves aren't really used, because they're based off of interest rates, land values, and many other attributes that don't really apply to CPI. Rental costs for all of their faults, are a better measurement of month-to-month or year-to-year inflation.
So you're right. They don't really include "house" prices. But they absolutely include "housing" prices.