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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Inflation for Real

Inflation statistics have become a source of much controversy. There is a general consensus that the current methodology of measuring inflation in the US is underreporting what is happening out in the real world. Enter the Billion Prices Project @ MIT. They cleverly check prices of items online and track the price changes. This data is more timely and probably less biased than official government statistics.

Valentine's Day Peak Price? Daily Price Online Price Index

It will be interesting to see if the run up of prices into Valentine's Day (where there is an annual bubble in rose prices) keeps rising. Inflation would not be unexpected given commodity price increases. Keep your eye in this indicator as it leads the official statistics.

"The only statistics you can trust are those you falsified yourself"
Winston Churchill