Definition: Rental equivalence approach

Housing price statistics

One of the three main approaches to including owneroccupied housing into a CPI (Consumer Price Index) Index. The imputed price for shelter costs should equal the price at which the dwelling could be rented.
Source:
Eurostat, International Labour Organization (ILO), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations Economic Commission for Europe (UNECE), The World Bank, "Handbook on Residential Property Prices Indices (RPPIs)", Publications Office of the European Union, Luxembourg, 2013
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