vendredi 13 mars 2015
The Billion Prices Project Thinks Inflation May Have Turned a Sharp Corner
Posted on 14:07 by nice news
One of the biggest economic questions facing the U.S. economy in 2015 is this: Will measures of inflation veer into deflationary territory, or will prices firm?
The Billion Prices Project, which scrapes the Internet daily to capture changing prices online and has often foreshadowed subsequent changes in official price indexes, shows a sharp turn upward in measures of inflation, albeit from a low starting point. The official measures of inflation from the Labor Department and Commerce Department are only available through January, with no turn evident in that data. But the Billion Prices Project measure, which is now produced as the State Street PriceStats inflation index, has turned upward sharply in recent weeks. If the turn holds, then inflation could be firming faster than economists realize.
The Billion Prices Project, which scrapes the Internet daily to capture changing prices online and has often foreshadowed subsequent changes in official price indexes, shows a sharp turn upward in measures of inflation, albeit from a low starting point. The official measures of inflation from the Labor Department and Commerce Department are only available through January, with no turn evident in that data. But the Billion Prices Project measure, which is now produced as the State Street PriceStats inflation index, has turned upward sharply in recent weeks. If the turn holds, then inflation could be firming faster than economists realize.
The Billion Prices Project Thinks Inflation May Have Turned a Sharp Corner
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