Billion Prices Project

Avoiding the Big Data â Small Info Syndrome - MIT

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Properties of Inflation Indexes• Congruence• Stores keep markups between online and offline prices relativelyconstant in the medium run• Anticipation• Online Price Indexes trends anticipate official inflation shifts.• Online prices are easier to change, retailers are morecompetitive, and consumers have less memory.• Demand trends• Changes in inflation trends by retailers reflect changes in thedemand they are facing

Page 1 and 2: Billion Prices Project:Avoiding the
Page 3 and 4: Inflation and Price Indexes• Albe
Page 5: How do we collect data?• Our pric
Page 9 and 10: USA
Page 11 and 12: US 2012
Page 13 and 14: Other Indexes• Natural Disaster

Billion Prices Project

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