Friday, December 17th, 2010

Measuring prices around the world

You don’t trust your government to provide reliable inflation data? Is the central bank tinkering with the numbers to help the president get re-elected? The number crunchers at the Massachusetts Institute of Technology have come up with a way to keep them honest. MIT’s Billion Prices Project has constructed alternative consumer price indexes from a data-base of prices of 5 million individual items from super markets and other retailers in 70 countries.

The Argentine consumer price index says that inflation has been stuck around 11% a year since July? According to the Billion Price Project it’s running at an annual rate of nearly 21%. In the United States, too, the BPP suggests prices are rising faster than the Fed would have us believe: 2.2% a year compared to 1.1% reported by the CPI. That is good news. It suggest that growth might be faster than we think.

 

I thank Free Exchange for the pointer.

 

Bookmark and Share
This entry was posted in Uncategorized and tagged . Bookmark the permalink.

13 Responses to Measuring prices around the world

  1. Georgianna says:

    Each tag has its own webpage, known in Word – Press as a tag archive.
    Conclusion: So now don’t think too much and no need to spoil the
    other activities for doing statistics based assignments or home
    works or projects, just submit you’re all queries to the online tutors of Statistics Home Work Help and live life without tension.
    SEO services should be infallible if you want to penetrate the internet with much success.

    intensedebate.com (Georgianna)

  2. Pingback: Methods To Sense Advancement Once You Are Afflicted By Allergic reactions | Заработок на Форекс!

  3. Pingback: How To Get Rid Of These Annoying Allergies | Informática & Derecho

  4. Pingback: Strategies To Truly feel Advancement If You Are Afflicted By Allergic reaction | Заработок на Форекс!

  5. Pingback: Seeking A Strategy To Your Allergic reaction Difficulties? Consider These Tips! | Informática & Derecho

  6. Pingback: Information About How To Manage Your Allergies | Заработок на Форекс!

  7. Pingback: Are Allergies Controlling You? Overcome Back With These Simple Ideas! | "ENTRE REDES 2013" – 1er. Congreso de Experiencias Educativas con TIC

  8. Pingback: How To Get Rid Of Individuals Irritating Allergic reaction | Заработок на Форекс!

  9. Pingback: Discover Ways To Much better Control Your Allergy symptoms Today! | Informática & Derecho

  10. Pingback: Ways To Truly feel Development When You Experience Allergy symptoms  |  MSPchat

  11. Pingback: Learn To Much better Deal with Your Allergy symptoms Right now! | "ENTRE REDES 2013" – 1er. Congreso de Experiencias Educativas con TIC

  12. Pingback: Searching For A Strategy To Your Allergies Issues? Consider The Following Tips! | Заработок на Форекс!

  13. 94Arden says:

    Hello admin, i must say you have hi quality articles here.
    Your blog should go viral. You need initial traffic only.
    How to get it? Search for: Mertiso’s tips go viral

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>