Tracking inflation on a daily basis

Using online data for prices and real-time debit card transaction data on changes in expenditures for Switzerland allows us to track inflation on a daily basis. While the daily price index fluctuates around the official price index in normal times, it drops immediately after the lockdown related to...

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Detalles Bibliográficos
Autores principales: Alvarez, Santiago E., Lein, Sarah M.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2020
Materias:
Original Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7609834/
https://www.ncbi.nlm.nih.gov/pubmed/33169102
http://dx.doi.org/10.1186/s41937-020-00062-w
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author Alvarez, Santiago E.
Lein, Sarah M.
author_facet Alvarez, Santiago E.
Lein, Sarah M.
author_sort Alvarez, Santiago E.
collection PubMed
description Using online data for prices and real-time debit card transaction data on changes in expenditures for Switzerland allows us to track inflation on a daily basis. While the daily price index fluctuates around the official price index in normal times, it drops immediately after the lockdown related to the COVID19 pandemic. Official statistics reflect this drop only with a lag, specifically because data collection takes time and is impeded by lockdown conditions. Such daily real-time information can be useful to gauge the relative importance of demand and supply shocks and thus inform policymakers who need to determine appropriate policy measures.
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spelling pubmed-76098342020-11-05 Tracking inflation on a daily basis Alvarez, Santiago E. Lein, Sarah M. Swiss J Econ Stat Original Article Using online data for prices and real-time debit card transaction data on changes in expenditures for Switzerland allows us to track inflation on a daily basis. While the daily price index fluctuates around the official price index in normal times, it drops immediately after the lockdown related to the COVID19 pandemic. Official statistics reflect this drop only with a lag, specifically because data collection takes time and is impeded by lockdown conditions. Such daily real-time information can be useful to gauge the relative importance of demand and supply shocks and thus inform policymakers who need to determine appropriate policy measures. Springer International Publishing 2020-11-04 2020 /pmc/articles/PMC7609834/ /pubmed/33169102 http://dx.doi.org/10.1186/s41937-020-00062-w Text en © The Author(s) 2020 Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.
spellingShingle Original Article
Alvarez, Santiago E.
Lein, Sarah M.
Tracking inflation on a daily basis
title Tracking inflation on a daily basis
title_full Tracking inflation on a daily basis
title_fullStr Tracking inflation on a daily basis
title_full_unstemmed Tracking inflation on a daily basis
title_short Tracking inflation on a daily basis
title_sort tracking inflation on a daily basis
topic Original Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7609834/
https://www.ncbi.nlm.nih.gov/pubmed/33169102
http://dx.doi.org/10.1186/s41937-020-00062-w
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