Table 9 Variance Decomposition of JPG (Jeonse price growth rate(%))

Month COMP JPG PJRD PPG
step 1 0.111% 99.889% 0.000% 0.000%
step 2 0.761% 97.121% 1.018% 1.100%
step 3 1.051% 96.689% 1.014% 1.246%
step 4 1.164% 96.427% 1.077% 1.332%
step 5 1.212% 96.238% 1.170% 1.380%
step 6 1.234% 96.116% 1.243% 1.406%
step 7 1.245% 96.044% 1.290% 1.421%
step 8 1.251% 96.002% 1.318% 1.429%
step 9 1.254% 95.979% 1.333% 1.433%
step 10 1.256% 95.967% 1.342% 1.436%