4 ms·

I wonder if the ECB takes this into account when calculating inflation

• 542458 5y ago
  Does the European Central Bank calculate inflation in the US? - but healthcare is almost always part of CPI, so people doing CPI calculations would typically include this and this would be part of inflation calculated uuing CPI. And yes, healthcare costs have risen much faster than inflation as a whole.
  • jbverschoor 5y ago
    Housing prices weren't included
    • 542458 5y ago
      I’m not sure what that has do with my comment. But it’s also false, at least for the “official” CPI numbers in the US. 31.8% of the CPI is shelter. This includes rent and home purchases (calculated as owner equivalent rent which is basically mortgage + cost of ownership), but excludes renovations and investment purchases. https://arbor.com/blog/how-does-rent-factor-into-the-consumer-price-index-cpi/ https://arbor.com/blog/how-does-rent-factor-into-the-consume...