Weber says HICP should include home ownership

The eurozone should revise its measure of inflation to include home ownership costs, according to Axel Weber, the president of the Deutsche Bundesbank and a member of the governing council of the European Central Bank, reported Boersen-Zeitung on Thursday 29 March.

Omitting such housing costs from the European Harmonised Index of Consumer Prices (HICP) leaves an unsatisfactory situation that should be corrected, he said, according to the newspaper. He cited the economic importance of home owne

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