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CPI to drop home ownership measure in 1984 shift
Washington report notes the home ownership component of the Consumer Price Index will be removed and likely replaced with rents estimates. The change, set for 1984, could slow overall index growth and reduce federal benefit increases tied to the index. Janet Norwood may testify before the Senate committee on housing treatment in the CPI. Critics say including purchase costs inflates the price index amid rising real estate prices.
MENTIONED IN THIS ARTICLE
New York Times Service
Washington
Janet L. Norwood
Bureau of Labor Statistics
Patrick C. Jackman
Norwood
Senate Appropriations Committee