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Home buyscome under CPI ambit

By WANG XIAOTIAN | China Daily | Updated: 2010-04-08 08:01

BEIJING - China's Consumer Price Index (CPI), a main measure of inflation, would be made more relevant to the dramatically rising home price since next year, said the National Bureau of Statistics (NBS) on Wednesday.

The factors of mortgage loan rate and home prices would be given more weight when calculating CPI, Wei Guixiang, head of the statistics bureau's urban, social and economic survey department, said at a press conference.

"That means home price at the time would be reflected in CPI figure," he added, without elaborating on detailed timetable or method.

Home buyscome under CPI ambit

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