国际清算银行：2024住房成本报告：通货紧缩最后一英里的最后一道障碍？（英文版）

Housing costs represent a large portion of household expenditures, especially in advanced economies (AEs), and hence constitute a significant component of the consumer price index (CPI). These costs have continued to rise at a fast clip during the past two years in many economies, despite the intense monetary policy tightening phase. Has the housing component of the CPI (H-CPI)1 evolved differently compared with past disinflation episodes? Is its strength a cause of concern for monetary polic