2 In a speech in March, I noted that, based on various measures of asking rents, some analysts were predicting that the rate of  Recent increases in asking rents and new rental contracts are incorporated in aggregate price measures with a lag because many of the properties surveyed for the Consumer Price Index Housing Survey do not have new rental contracts each month.
The policy implication was pretty clear: Announce a credible path of gradually increasing carbon pricing to set expectations right without affecting already undertaken investments by firms and households too much. That has not happened.