Initiatives and Related Projects
Inflacion Verdadera Argentina
A daily inflation index for Argentina. Published since 2007 as an alternative to the official CPI which was manipulated by the government during the period 2007-2016. This is how we first started using online prices to measure inflation.
PriceStats Daily Inflation and PPP Statistics
PriceStats is the company that collects the online prices used by the BPP. It currently publishes daily inflation and PPP indices in over 20 countries.
An attempt to validate online data and better understand how offline pricing behaviors are being affected by the web and mobile browsing/price‐checking technologies.
Inflacion Verdadera Venezuela
Our latest project using mobile phones and crowd-sourcing to measure Venezuela’s inflation rate
The Billion Prices Project is an academic initiative that uses prices collected from hundreds of online retailers around the world on a daily basis to conduct research in macro and international economics. It was founded in 2008 by Alberto Cavallo and Roberto Rigobon. This page shows our most recent research and links to related projects.
More than 1000
From 2008 on
Adrian Ash, of BullionVault, writes exclusively for What Investment on the outlook for the gold price as inflation and interest rates rise.
Alongside Russia-US tensions and crisis-driven spikes in the oil price, suddenly inflation is back making headlines.
Read more about Why the gold price can continue to rise from here
Everyone knew something was wrong. Between 2007 and 2011, the Argentine government claimed inflation was running at an average of 8 per cent but the numbers did not tally with what households were experiencing.
Read more about Britain’s inflation data needs to be dragged out of the stone age
Online shopping is supposed to be a click away from bargains and cheap goods, but this is all a myth, says new research.
A study by the Massachusetts Institute of Technology of 10 countries, including South Africa, has shown that most firms sell their products at the…
Read more about Prices mostly stay the same whether you shop in store or online
The Trump administration has some very optimistic economic targets. It should resist messing with the statistics.
The Soviet Union had a reputation for presenting fake economic statistics to the world, in order to avoid having its dysfunctional system look…
Read more about Fudged Numbers Won’t Make the U.S. Grow Faster
Standing in the checkout line at Walmart waiting to buy a TV or the latest gadget, one might ponder whether it’s cheaper to buy the same television from Walmart online.
Turns out, it’s probably not.
Read more about Online prices cheaper than in store? Not so fast
In an average of 72 percent of the cases, there is no price advantage to shop online instead of in the shop – or vice versa. This is the result of a recent study by the Massachusetts Institute of Technology (MIT) after analyzing online and offline prices in ten countries.
Read more about Online shopping offers hardly any price advantages
Alberto Cavallo, Associate Professor of Applied Economics at the MIT Sloan School of Management, explains how online and offline prices compare. Everyone has their own personal opinion, but Prof. Cavallo and his team wanted to collect data in a large number of countries to answer the question with objective evidence.
Read more about Online and Offline Prices are similar
(Newsroom America) — When you buy products online, do you imagine you could get better prices in a store? Conversely, does in-store shopping lead you to wonder whether you are missing better prices online?
Read more about MIT Study: Online Retail Prices Often Match Those In Stores
Inflation is an average. Prices in some areas are growing quickly, while others fall. That’s the way it has to be in a broadly diversified economy. The broadest measure of inflation – the personal consumption deflator – measures everything that consumers buy, and weights it by how much, then spend on those items.
Read more about Inflation Nation (Part 2) – What does our low inflation environment mean for investors?