What does CPIH stand for?

What does CPIH stand for?

• A. Consumer Price Index Home
• B. Consumer Price Index including Occupier's Housing Costs
• C. Consumer Price Index Hospital Costs
• D. Consumer Price Index Household Costs

Answer: (B)

CPIH is the inflation measure that includes housing costs. It sits alongside the standard CPI but adds the costs households face from owning, renting, and occupying their homes, such as owner-occupier housing costs and related charges like council tax. This broader scope aims to reflect the true cost of living for households, not just price changes in goods and services. So the expansion is Consumer Price Index including Occupier's Housing Costs. The other phrasing options don’t match the official terminology because they omit or misstate the housing-cost component.

CPIH is the inflation measure that includes housing costs. It sits alongside the standard CPI but adds the costs households face from owning, renting, and occupying their homes, such as owner-occupier housing costs and related charges like council tax. This broader scope aims to reflect the true cost of living for households, not just price changes in goods and services. So the expansion is Consumer Price Index including Occupier's Housing Costs. The other phrasing options don’t match the official terminology because they omit or misstate the housing-cost component.