Sunday, October 17, 2010

Google Plans Alternative Inflation Index Using Web Data

Economy - Google Plans Alternative Inflation Index Using Web Data - CNBC
chief economist, Hal Varian, highlights how economic data can be gathered far more rapidly using online sources. The official Consumer Price Index data are collected by hand from shops, and only published monthly with a time lag of several weeks.

Private enterprise doing something we've all been told only the government can provide.

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