Is rent included in the consumer price index (CPI)?

[munstershug]

Hi,
The CPI is currently showing about 1% per annum over past couple of years. Is rent included? Surely not, given the rental inflation is about 14% !!?

It's a simple question but answer is not easy to find on the CSO website,....can anyone clarify?
Thanks

 

[RedOnion]

Housing costs
The CPI covers the full range of housing costs, namely:

• Mortgage interest costs of buying a house or apartment
• Rents of privately owned dwellings
• Rents of local authority dwellings
• Waste collection
• Repairs and decorations
• Domestic energy products such as electricity, oil, gas etc.

From: [broken link removed]

 

[Protocol]

[broken link removed]

Yes, it is.

 

[Protocol]

Falling mortgage interest has pulled down the housing component of the CPI.