The index does not reflect the reality where `housing' in the consumer price index (CPI) is up less than 5 percent when rentals in the metros have surged more than 12 to 15 percent. " We believe this has much to do with computational issues across the board – inflation in rented houses, owner-occupied houses, and government dwellings" said Pranjul Bhandari, Chief India and Indonesia Economist at HSBC.
