In line with this framework, the CPI excludes items such as life insurance, investment securities, financing costs, house prices (though the value of owned housing, distinct from a house price, is included in the CPI), as these are considered to be investment items, not consumption. Also excluded are income and property taxes, employer-provided benefits, and the portion of healthcare costs paid by the government or insurance plans, since these prices are not borne directly by consumers.
The Consumer Price Index (CPI) excludes items like life insurance, investments, financing costs, house prices (excluding the value of owned housing), income, property taxes, employer-provided benefits, and government/insurance plan-covered healthcare costs because these are considered to be investment or non-consumer expenses.