Until the end of 1977, the U.S. consumer price index for rents tended to omit rent increases when units had a change of … consequences for historical measures of rent-house-price ratios and for the growth of real consumption. …

Index’s measure of the cost of owner-occupied housing—owners’ equivalent rent of residence (OER)—has begun to accelerate …

Until the end of 1977, the method used in the U.S. consumer price index (CPI) to measure rent inflation tended to omit … rent increases when units had a change of tenants or were vacant. Since such units typically had more rapid increases in … that from 1940 to 1985 the CPI inflation rate for rent most likely was understated by 1.4 percentage points annually in U …

Providing for shelter represents a large portion of the typical household budget. Accordingly, rent, paid either to a … deflator, resulting in substantial scrutiny of how tenant rent and owners' equivalent rent are measured in these price indexes …. In this paper, we describe how the Bureau of Labor Statistics (BLS) estimates tenant rent and owners' equivalent rent. We …