BIS central bankers’ speeches  5  price data to construct a reliable proxy of quality-adjusted transaction price distribution. Thus, we get timely and reliable quality-adjusted price data through this procedure. I will stop here for the discussions of other panelists.
The personal consumption expenditure price index excluding food and energy increased only 1.3 percent over the twelve months ending in August - about 1/2 percentage point less than in the year-earlier period. In the current environment of excess capacity and intense global competition, most businesses simply do not have the ability to raise prices.