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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.
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