Name Inflation Index from Webscraping - e-Bread Index
Source UN Global Pulse
Hyperlink to Source http://www.unglobalpulse.org/projects/comparing-global-prices-local-products-real-time-e-pricing-bread
Description A project investigating and showing how scraping the web for online prices could provide real-time insights on price dynamics, focusing on the case of bread via online advertisements of supermarkets. The data is collected across South America using a scraping software that records, on a daily basis, the price of bread sold or advertised in online supermarkets. Then the daily inflation rate of bread for each country is calculated. Then, subsequently, the average daily inflation rate for each of the bread products is estimated, and an index aggregating those daily changes, is built by country. All the bread products are equally counted and the resulting inflation is the geometric average of their daily price inflation.
Long description
Lead Institution UN Global Pulse
Logo of lead Institution Logo institution
Partners PriceStats and the Billion Prices Project at MIT
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Info link http://www.unglobalpulse.org/projects/comparing-global-prices-local-products-real-time-e-pricing-bread
Implementation link
Case study link http://www.unglobalpulse.org/projects/comparing-global-prices-local-products-real-time-e-pricing-bread
Video embed code or link to video page
Type Knowledge
Potential for reuse Medium
Part of the innovation having potential to be reused The technology of web-scraping of online prices can be replicated for other products in other countries. However, re-usability might be limited by the sophistication of the digital economy in the respective region for the respective product.
Open source Partly
Open Source URL http://www.unglobalpulse.org/projects/comparing-global-prices-local-products-real-time-e-pricing-bread
Data Input Formats
Data Output Formats
Maintenance Requirements
Plug & Play Partly
Outputs compatible with indicators from Official Statistics No
Status Pilot
Country use cases
Target Groups
Statistical Institute
Other Government Agencies
Civil Society Organizations
Private Sector
Sectors where the innovation can be applied
  • Economy & Growth
  • Areas of technological innovation
  • Web Scraping
  • Areas of management practice innovations
    Use of Alternative Data Sources
    Areas of institutional process innovations
    Non-Official Statistics
    Case Study URL with Public Sector Participation
    Case Study Description
    Picture describing Case Study
    Internal Comment
    Good practices displayed
    Created On 2014-04-12
    Updated On 2014-04-12
    Status Published
    Framework
    Manage consumers
    Build




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