000			01273nam a22001457a 4500
999			_c527490 _d527490
008			240902b ||||| |||| 00| 0 eng d
100			_aAdams, B. Loewenstein, L.Montag, H. and Verbrugge, R. _957697
245			_aDisentangling rent index differences: Data, methods, and scope
260			_aThe American Economic Review: Insights
300			_a6(2), Jun, 2024: p.230-245
520			_aRent measurement determines 32 percent of the CPI. Accurate rent measurement is therefore essential for accurate inflation measurement, but the CPI rent index often differs from alternative rent inflation measures. Using repeat-rent inflation measures created from CPI microdata, we show that this discrepancy is largely explained by differences in rent growth for new tenants relative to all tenants. New-tenant rent inflation provides information about future all-tenant rent inflation, but the use of new-tenant rents is contraindicated in a cost-of-living index such as the CPI. Nevertheless, policy-makers should integrate new-tenant inflation into inflation forecasts and monetary policy decisions.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aeri.20220685
773			_aThe American Economic Review: Insights
906			_aMONETORY POLICY
942			_cAR