Thus, I completely agree with Mark A. Wynne when he states that measures of headline inflation at the consumer level are best for defining price stability. In addition, Mark A. Wynne’s paper touches upon a highly relevant issue in the context of asset prices when discussing the treatment of owner-occupied housing.
Here, I have repeatedly argued that the euro area HICP should include owner-occupied housing. But, just as an aside, I would prefer not to discuss this issue in the context of asset prices. Including owner-occupied housing using the net acquisition approach is focused on housing as a consumption good, not as an asset price.