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Detailed explanation-1: -Today, the Reserve Bank released its quarterly house price index (HPI) 1 (base: 2010-11=100) for Q2:2022-23, based on transaction-level data received from the registration authorities in ten major cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai).

Detailed explanation-2: -IAS Exam Latest Updates. The Housing Price Index is a quarterly report by the Reserve Bank of India (RBI) based on the all-India price movement from data collected from a few cities.

Detailed explanation-3: -The RBI releases its quarterly house price index (HPI) based on transaction-level data received from housing registration authorities in ten major cities. The cities are – Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.

Detailed explanation-4: -The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included: in England and Wales since January 1995.

Detailed explanation-5: -The house price index, abbreviated as HPI, is an index that measures the changes in the transaction prices of dwellings purchased by households.