However, on the inflation front, consumer price index (CPI) inflation rates remain weak and are only expected to reach 1.8 percent in fiscal 2019, still falling short of the price stability target of 2 percent. In the meantime, the economy has never been better balanced in the recent past.
Imputed rents are used in the consumer price indices in the United States and in Japan, and in the national consumer price indices of Germany and the Netherlands. In the United Kingdom, imputed rents are included in the national consumer price index but the Bank of England is charged with a targeting a variant that excludes owner-occupied housing costs.