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MNI BRIEF: OOH Added Up To 0.6% To Ave EA Inflation In Q2 2021


Combining the Headline Consumer Price Index (HCPI) with the Owner-Occupied Housing Index (OOHPI) would have resulted added between 0.4 and 0.6 percentage points to the euro area average inflation rate in the second and third quarters of 2021, preliminary calculations published in the latest ECB Economic Bulletin show, compared with a maximum of 0.3% from 2012-2020.

Overnight, Executive Board member Isabel Schnabel told the FT policymakers would need to take greater consideration of the increased cost of housing, even if the required official measurements were not yet in place.

MNI London Bureau | +44 20 3983 7894 |
MNI London Bureau | +44 20 3983 7894 |

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