El precio de la vivienda y la inflación en españa

Abstract

Housing prices in Spain have increased heavily since 1999, increasing household financial effort needed to buy a house. Inflation data, obtained from HIPC (Harmonized Index of Consumer Prices) has reached very low values in this period. HIPC design doesn't include housing prices and Housing prices and then a very problematic question arises: Are we measuring inflation correctly? In this paper we offer a methodological strategy to correct inflation measurement bias due to HIPC housing treatment.