It seems to follow the CPI fairly well.Clearly, it seems to be predicting a big increase in CPI. Looking forward to seeing how accurate this is when January CPI comes out on February 17th.
Saturday, February 05, 2011
Billion Prices Project
MIT's Billion Prices Project attempts to measure inflation from a basket of prices scraped from the web.
It seems to follow the CPI fairly well.
Clearly, it seems to be predicting a big increase in CPI. Looking forward to seeing how accurate this is when January CPI comes out on February 17th.
It seems to follow the CPI fairly well.Clearly, it seems to be predicting a big increase in CPI. Looking forward to seeing how accurate this is when January CPI comes out on February 17th.