The Consumer Price Index switched to a rental-equivalence approach for measuring shelter costs in 1983.
Sources
- R-CPI-U-RS Homepage (bls.gov)
- https://www.nationalacademies.org/read/26485/chapter/6 (nationalacademies.org)
- https://www.frbsf.org/research-and-insights/publications/economic-letter/2022/10/comparing-measures-of-housing-inflation/ (frbsf.org)
- https://www.fullstackeconomics.com/p/why-the-government-took-home-prices-out-of-the-consumer-price-index (fullstackeconomics.com)
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