Artikel

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: Journal: Swiss Journal of Economics and Statistics ; ISSN: 2235-6282 ; Volume: 156 ; Year: 2020 ; Issue: 1 ; Pages: 1-13 ; Heidelberg: Springer

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): Springer

(where): Heidelberg

(when): 2020

DOI: doi:10.1186/s41937-020-00062-w

Handle: http://hdl.handle.net/10419/259760

Last update: 10.03.2025, 11:42 AM CET

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Object type

Artikel

Associated

Alvarez, Santiago E.
Lein-Rupprecht, Sarah M.
Springer

Time of origin

2020

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