inflation Archives


The Economist carries an account of a new way of measuring inflation based on big data. Not applicable to our countries yet. But a watching brief is justified. The new index completely misses changes in offline prices and spending on things like petrol and rent. It will not replace the CPI any time soon.

Little data, thanks to smartphones

Posted on November 11, 2013  /  0 Comments

Little data is as bad a term as big data. Really tells you very little. But sadly that is what the New York Times has chosen to use. And I have not had time to come up with something little more insightful. David Soloff is recruiting an army of “hyperdata” collectors.