Welcome to the Dais Blog - a place for the sharing of ideas, discussions about what is and what could be, and demonstrations of what can be achieved through data.

We measure inflation wrong. It’s all to do with housing, but not how you think

For decades, both Australia and New Zealand have been making decisions about interest rates based on incomplete inflation figures. The problem is not, as commonly proposed, that house prices are excluded from our measure of inflation, but rather we mistakenly omit a sizeable chunk of economic activity from our measures.

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