Sunday, October 14, 2012

Billion price project - provides back-up to CPI



The billion price project at MIT can provide good back-up support for  inflation numbers. The billion price project uses on-line information to measure and m monitor the prices of thousands of goods in order to determine the true inflation rate in real time. The numbers suggest that it tracks closely with the CPI inflation rate generated by the government. Nevertheless, recent numbers suggest that inflation is starting to rise.

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