Arbeitspapier
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 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.
- Language
-
Englisch
- Bibliographic citation
-
Series: WWZ Working Paper ; No. 2020/16
- Classification
-
Wirtschaft
- Subject
-
Daily price index
scraped online price data
debit card expenditures
real-time information
- Event
-
Geistige Schöpfung
- (who)
-
Alvarez, Santiago E.
Lein-Rupprecht, Sarah M.
- Event
-
Veröffentlichung
- (who)
-
University of Basel, Center of Business and Economics (WWZ)
- (where)
-
Basel
- (when)
-
2020
- DOI
-
doi:10.5451/unibas-ep79033
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Alvarez, Santiago E.
- Lein-Rupprecht, Sarah M.
- University of Basel, Center of Business and Economics (WWZ)
Time of origin
- 2020
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