The Bank of Japan’s chief economist urged the government to adjust consumer price data to better reflect housing costs, a change he estimates would boost the inflation rate by as much as 0.2 percentage point.

By more accurately taking into account changes in quality of rented housing over time, consumer price data would better capture the cost of living, said Eiji Maeda, director-general of the research and statistics department. Doing so would increase the nation’s CPI by 0.1 to 0.2 point, he said.

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