[arcticbull]

> IMO also I think it is not fair that central banks only focus on CPI and not asset price.

I can't figure out why it's not fair, though. All that matters with asset prices is whether they go up or down, not their absolute value. The whole point of assets is they go up. Your complaint is they, what, went up "too fast" or that you weren't in when they did?

> ...for me as a millennial it matters a lot that real estate price in central Europe are today 2x compared to what they were 10 years ago.

Well, inflation accounts for I suspect a whole lot of that. Inflation since 2010 is just shy of 20% for the USD. I'm unfamiliar with central European pricing so I can't comment on that specifically, however it might surprise you to know that in the US, on an inflation-adjusted dollars per square foot basis, houses cost exactly the same as they did in the 1970s. They're just twice as big now. [1]

> ...also rent is mostly not reflected correctly in CPIs.

In what way?

[1] https://fee.org/articles/new-homes-today-have-twice-the-squa...

[ro-_-b]

"OOH, when included, is typically the biggest component of the CPI. However, many coun-tries exclude OOH from their CPIs on the grounds that it is too difficult to measure. Inparticular, the harmonized index of consumer prices (HICP) in the European Union (EU) cur-rently excludes OOH." [1]

OOH stands for owner-occupied housing. I am aware of the fact that the US accounts far better for housing expenses in its CPI than Eurozone countries do.

[1]https://epub.wu.ac.at/7039/1/WP285.pdf