The goal of the Thousand Prices Project (The TPP) is to track online prices, as provided by various online stores.
This project is currently at a very early stage. Prices are
currently being tracked in Australia, the UK, and the US. Once fully
operational, price changes will be reported daily.
The TPP is an attempt to
replicate, albeit with much less resources and on a far smaller scale, the Billion Prices Project. Around 2015 Q2, the BPP introduced the 60 day data lag. One goal of the TPP is to produce price change data with zero day lag.
In some ways, changes in general prices can indicate the health and stability of the pricing currency. The TPP therefore may act as canary in the coal mine for currency health and stability.
Did you include the price of the Speakeasy in your sample? It's had 0% inflation over the past year, but that could change at any time! Just sayin'... ;D
ReplyDeleteHa! No, I didn't. Given that this is the year of the Fire Sale, I do wonder what discount you'll offer... :-)
ReplyDelete