The Ottawa Group has a crucial role to play in discussing and addressing current challenges for price statistics. Its contributions are important to central banks, given their mandates for monetary policy and financial stability. Digitalisation has a profound two-fold impact on price statistics. Digitalisation changes product characteristics and alters consumer behaviour.
This is a challenge for price 6/8  BIS central bankers' speeches  measurement. Digitalisation also brings with it new data sources. We need to develop new methodologies and tools to fully exploit this potential for statistics, surveillance, and policy analysis. Improving our understanding of developments in real estate markets and their connection with financial stability is crucial.