Name Measuring Argentina’s inflation with Webscraping
Source Massachusetts Institute of Technology
Hyperlink to Source http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1906704
Description Prices collected from online retailers can be used to construct high-frequency price indexes that complement official statistics. This paper studies their ability to match official inflation estimates in five Latin American countries, with a focus on Argentina, where official statistics have been criticized in recent years. The data were collected between October 2007 and March 2011 from the largest online supermarkets in each of these countries. Online price indexes approximate both the level and main dynamics of official inflation in Brazil, Chile, Colombia, and Venezuela. By contrast, Argentina’s online annual inflation rate is consistently two to three times higher than in official estimates.
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Lead Institution Massachusetts Institute of Technology
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Info link http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1906704
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Type Research
Potential for reuse High
Open source N/A
Open Source URL
Data Input Formats
Data Output Formats
Maintenance Requirements
Plug & Play N/A
Outputs compatible with indicators from Official Statistics N/A
Status Pilot
Country use cases
Target Groups
Statistical Institute
Other Government Agencies
Sectors where the innovation can be applied
  • 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
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    Good practices displayed
    Created On 2014-04-12
    Updated On 2014-04-12
    Status Published
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    Manage consumers
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