Information and Insights
The State Street PriceStats® Inflation Series
The PriceStats® inflation series is a daily measure of inflation derived from prices posted to public websites by hundreds of online retailers.
State Street PriceStats®
PriceStats is a provider of high-frequency global inflation indices that offer insights into key macroeconomic variables. The indices are generated using software that scans the underlying code on public websites to capture the full array of products sold by online retailers, including food, beverages, electronics, apparel, furniture, household products, prescription drugs, and over-the-counter medicines. The technology monitors price fluctuations on roughly five million items sold by hundreds of online retailers in more than 70 countries. The PriceStats methodology is grounded in the extensive body of research of MIT professors Alberto Cavallo and Roberto Rigobon and their Billion Prices Project at MIT. Cavallo and Rigobon have leveraged this research and their expertise in monetary economics to develop the PriceStats indices.
Through the partnership announced on May 5, 2011, between PriceStats and State Street Global Markets, this unique body of infl ation research is incorporated into advisory research analyses and investment strategy publications across major asset classes and distributed through State Street Global Markets’ proprietary client research portal, IR3. The partnership, which is housed within State Street Global Markets’ academic affiliate, State Street Associates,® will benefit from 15 years of experience in bringing leading academic research in finance and economics to sophisticated institutional investors around the world.
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PriceStats updates aggregate daily inflation statistics for Argentina, Australia, Brazil, Canada, Chile, China, Colombia, France, Germany, Greece, Ireland, Italy, Japan, Netherlands, Russia, South Africa, South Korea, Spain, Turkey, the UK, Uruguay and the US.