CPI does NOT include housing in the UK - and this article was written from a UK perspective.
In the UK:
“The CPI takes no account of housing costs”.
“the CPIH does include [housing costs but] it uses an approach called ‘rental equivalence’ – not the mortgage payments but how much rent the householder would pay for an equivalent property”.
“the RPI takes account of mortgage interest payments”.
From: https://www.thetimes.co.uk/money-mentor/article/rpi-versus-c...
Re:Why inflation is not a threat
by throwawaycuriou on Sunday March 14, 2021 @06:41PM
(#26460189)
You are correct about its inclusion but how home asset inflation is measured is arguably faulty - more akin to an 'implied rent'.
https://wolfstreet.com/2021/03/11/house-price-inflation-in-c...
Re:Why inflation is not a threat
by BurnAphterRead on Sunday March 14, 2021 @06:41PM
(#26460193)
Why is there so much misinformation about the CPI? Literally the biggest component of the US CPI (at 33%) is housing/shelter. See Table 1, column Relative Importance: https://www.bls.gov/news.release/archives/cpi_02102021.htm
At least get familiar with the definition before criticising anything.