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Why does the cost of buying get more weight in the index

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Question: Item weights in the CPI. The cost of buying a house (with the investment component removed) makes up about 22% of the CPI. The cost of renting a place to live makes up about 6%. Where do the weights 22% and 6% come from? Why does the cost of buying get more weight in the index?

Reference no: EM131638672

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