Exact(3)
In such a market, the monopsonistic buyer has considerable power over the level and the growth rate of prices over time.
Over the last 20 years, industry prices have increased at only one-fifth the rate of prices for other medical goods and services and only about one-third as fast as the Consumer Price Index.
The paper does not state that if the Chinese stocks had not decreased, the price surge would not have taken place, but it has identified that a major factor that held back the growth rate of prices ceased to exist.
Similar(57)
After a rapid rate of price declines in the 1990s, the rate has slowed.
On the Isle of Anglesey the rate of price falls over the past 12 months have almost mirrored price rises in London.
The actual loss of wealth could easily be twice as large if the rate of price decline accelerates.
That area still has a relatively low rate of price increase, just 1.5percentt in the latest figures.
The latest rate of price increases amounts to a jump of 132percentt a month, well above the 103-percent-a-month rate reported for September.
The overall rate of price decline has slowed from 1.9% a month ago and Kantar said prices are expected to start edging up by the end of this year.
"The worst you can say about housing prices is that the rate of price increases is slowing," said Rae Rosen, a regional economist with the Federal Reserve Bank of New York.
Meanwhile, the most recent Land Registry monthly house price index (covering July) puts the annual rate of price growth at 8.8%.
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