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El precio de la vivienda y la inflación en España

  • Bellod Redondo, José Francisco

    (Universidad Politécnica de Cartagena, España)

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.// El precio de la vivienda en España ha experimentado un incremento muy intenso desde 1999 aumentando el esfuerzo financiero que los hogares han de realizar para su adquisición. Por lo contrario, la inflación, medida a partir del índice de precios al consumo armonizado (IPCA), ha tenido valores históricamente reducidos en ese mismo periodo. Dado que el precio de la vivienda no forma parte de la construcción del IPCA surge la duda de si la inflación se está midiendo correctamente. En este artículo elaboramos una estrategia metodológica para corregir el sesgo en la medición de la inflación debido al actual tratamiento de la vivienda.

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Article provided by Fondo de Cultura Económica in its journal El Trimestre Económico.

Volume (Year): LXXVI (2) (2009)
Issue (Month): 302 (abril-junio)
Pages: 379-405

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Handle: RePEc:elt:journl:v:76:y:2009:i:302:p:379-405
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