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.
Taking this opportunity, I would also like to express my gratitude to Dr. Eli Remolona and his staffs from the BIS Representative Office for Asia and the Pacific and the SEACEN Center for your efforts and hard work to organize this seminar.